Q. Do I need to enter in the 1098T on student's taxes if I've already put the scholarship income in?
A. No. Technically, the 1098-T is only an informational document and the numbers are not required to be entered on to either the student or the parent's return.
However, when some of the student's scholarship is taxable, it's helpful to enter the 1098-T to properly report the scholarship income. Verify that the scholarship income was reported on line 8r of Schedule 1.
Scholarships are a hybrid between earned and unearned income. It is earned income for purposes of the $12,950 filing requirement and the dependent standard deduction calculation (earned income + $400). It is not earned income for the kiddie tax and other purposes (EIC. IRA contributions).
The 1098-T can be entered on both returns, as needed.
