trishd55
Returning Member

Education

  • Are you the student or parent. parent
  • Is the  student  the parent's dependent. yes
  • Box 1 of the 1098-T 7335.00
  • box 5 of the 1098-T  blank
  • Any other scholarships not shown in box 5 no
  • Does box 5 include any of the 529/ESA plan payments (it should not)  it's blank
  • Is any of the Scholarship restricted; i.e. it must be used for tuition no scholarships
  • Box 1 of the 1099-Q  5 distributions totaling 7544.93
  • Box 2 of the 1098-Q  5 totaling 3087.11  
  • Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)? parent
  • Room & board paid. If you live off campus, what is school's R&B charge no room and board
  • Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers  686
  • How much taxable income does the student have, from what sources  not much-part time job. I didn't put any of this on his tax return.  This shouldn't matter if parent is the recipient, correct?
  • Your AGI after IRA deduction  It depends on how much I deduct.  I can make it fall just above or just below the $180,000 cut off.