My college daughter received a 1098-T with her scholarship amount and payments received (Cash & FAFSA loan amounts combined). When it comes to whose tax return this is filed under (parents' or child's), does it matter which one of us paid the cash portion and took the FAFSA loan? Can the parent claim on their tax return if FAFSA Loan is under child's name and cash was paid by child? Child is being claimed as a dependent on parents' tax return.
