KrisD15
Expert Alumni

Deductions & credits

No.

If the student is your dependent, you would enter the 1098-T into your TurboTax program. 

 

Enter dependent information first, the 1099-Q if you have one, then the 1098-T so that the TurboTax program can do the math. 

 

If the forms generate an education credit (more expenses than scholarships) you get the credit on your return. 

If the forms generate taxable (potentially) income, the student claims the income on the student's return if they are required to file. 

 

Be aware that when you get to the "Maximize My Tax Break" screen, the program MAY suggest the student claim income in order to free up expenses if this results in a better credit for you. 

 

Afterwards, you can type   letme   into the search-box and click the "Jump to letme" link. 

Here you can change the credit you are claiming if you so desire. 

 

 

 

 

@Amy H

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