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Education
So yes? the 1098T information will go on my return since I have to figure the $1499 scholarship incomes effect on my other income sources. I would also file because 2 and 3 apply.
A dependent child must file a tax return for 2020 if he had any of the following:
- Total income (wages, salaries, taxable scholarship etc.) of more than $12,400 (2020).
- Unearned income (interest, dividends, capital gains, unemployment) of more than $1100.
- Unearned income over $350 and gross income of more than $1100
- Household employee income (e.g. baby sitting, lawn mowing) over $2100 ($12,400 if under age 18)
- Other self employment income over $432, including money on a form 1099-NEC
March 4, 2021
9:19 AM