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1098-T Excess Scholarship Funds and Education Credit
My son full-time student attend in university earning undergraduate degree. I'm claiming him as a dependent on my tax return. He got the 1098-T from school with box 1 is blank and box 5 is $11,750. Since he worked summer job at school and earned income $5,805 so he needs to file tax return. He bought books, computer for online class due to covid cost around $2,000. I don't know how, not sure how to enter all this information into Turbo Tax for my and his return so he doesn’t need to pay tax and either me or him can claim AOTC?
February 26, 2022
11:57 AM