it's complicated....
key the 1098-T EXACTLY as you see it;the loans don't have any bearing on this
also, if the student is a dependent of someone else (normally of the parents) AND BOX 1 is greater than BOX 5, then the form goes on that someone else's (the parent's) tax return.
if the student is NOT a dependent of someone else OR BOX 5 is greater than BOX 1, then the form goes on the student's tax return. In many cases the student's income may be low enough that no tax return is required to be filed and that is fine.
follow the TT prompts on other expenses, but do note that not all expenses are deductible (e.g. room and board)
TT will calculate any AOC credits automatically
do you have a 529 plan / 1099-Q - that makes it even more complicated, but doable if you follow the prompts slowly and carefullt
