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Education
Yes, the 1098-T information will go on your return*, since you need to file. Scholarship income is treated as "earned income" for purposes of calculating a dependent's standard deduction, so none of the scholarship will be taxed (that income is wiped out by your standard deduction).
*But, if you parent is claiming the tuition credit, they need to enter the 1098-T on their return too. You adjust the Qualified expenses you use, on your return, for what they use (usually $4000).
March 4, 2021
9:42 AM