It depends.
If you are being claimed as a dependent on your parent's return, they will be the ones who report the 1098-T information.
This may be more practical as you may not even have a filing requirement. Please see the attached to determine if you need to file a return.
Gross income amount for dependents
You are correct that scholarships can be taxable if they are used for the following items:
- Room & board
- Travel & incidental expenses
- Any fees, books & supplies not required for classes
Scholarships are not taxable if used at an eligible school for a degree if:
- Tuition & fees
- Fees, books, supplies needed for classes
- Scholarship or fellowship for services from:
- National Health Services Corps Scholarship Program
- Armed Forces Health Professions Scholarship & Financial Assistance program
If after reviewing your total income above, you determine you do not have to file a return, you should have your parents claim you as a dependent and tax the education credits on their return.
They should input the 1098-T information as follows:
- Go to the Federal section of the program.
- Select "Deductions & Credits"
- Select "Expenses and Scholarships (Form 1098-T)" and click start
Here is a handy chart that compares the education credits and each of the requirements.
Chart comparing credits
Tuition & fees deduction
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