Thank you for your responses. To be absolutely clear, let's take an example of a student: John Doe
Total Tuition Per Semester: $30,000 (1098-T)
Scholarship Per Semester: $10,000 (1098-T)
1099-Q Distributions (Beneficiary: John Doe): $10,000
Parent Paid The Rest: $10,000
Given the above example:
a) The student does not have to file any taxes for 2019 - the student has no other income - Is this correct (Y/N)?
b) The parent does not have to report any 1098-T or 1099-Q because the tuition is larger than all distributions - Is this correct (Y/N)?
c) Is there something to be reported in the above scenario?
Thank you.
