My daughter received more scholarships this year than her qualified educational expenses. All of her college expenses are paid by the scholarships. She also had a paid internship summer 2024 and received W-2. We claim her as a dependent. We did not pay any of her educational expenses. She has to file taxes because of her income from an internship and scholarships.
Who reports information on scholarships and educational expenses? Who reports 1098-T? Do we, parents, report her scholarships/expenses on our taxes? or does she report it all?
We did not pay any of her educational expenses. Everything - tuition, books, room and board got covered by her scholarships. So we cannot qualify for any educational credits.
Thank you!
