Thanks Hal-Al for prompt response.
Let me get into more detail.
My son got two separate scholarships but only one sent 1098-T to him annually. One is for $14K/year, other is $4500/year but never send any document. The total scholarship amount I put in original amount is actually the combination of the two (even though we got 1098-T from only one place for $14k). I take his total expenses (tuition, room and board), then subtract from total of two scholarship, the difference is the amount I got reimbursed from 529 funds which I received the 1099-Q since I am the owner but he is the benefit. The bottom line, they net out zero.
Question 1: so it is safe for me not to report any of those forms in 2020 TT filing if I know they net out zero? I have detail file that list all expenses and back-up receipt.
Question 2: he has some small income from working reported on his W2 less than $3000. Even I claimed him on my joint-married filing, should I do another separate filing on 1040 EZ form for him? Will he get any benefit?
Question 3: I haven't checked out other credit yet since I don't think I will be qualified cause my AGI is over $190K. Am I wrong?
Question 4: how do I know if his scholarship is taxable? this is his second year and his school just sent 1098-T with box 1 and 5 as I provided earlier. Nothing else.
