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How to handle outside scholarships paid directly to student?
We received a 1098-T from the college with the college's scholarship/grant amount. Our daughter also received $10,500 in scholarships through outside organizations, paid directly to her. All of it was used for 2016 college expenses, including $2700 of non-qualified expenses. We are claiming her as a dependent, and she has to file a return because of self-employment income. Which return should report the 1098-T and which should report the outside scholarships?
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‎June 6, 2019
3:34 AM