On both of my dependent's 1098-Ts, Box 5 is more than Box 1. They both used some of this money on room and board. TurboTax is telling me that they will need to file taxes because their scholarship money is taxable. One amount used on room and board is less than $5,000 and the other is roughly $5,500. If I file their form 1098-T on my return, do they still need to file? If not, where do I enter this into TurboTax?
