Education

  • Are you the student or parent. = Parent
  • Is the  student  the parent's dependent. = Yes. I (Parent) am eligible to claim.
  • Box 1 of the 1098-T = 36,000
  • box 5 of the 1098-T = 19,000
  • Any other scholarships not shown in box 5 = None
  • Does box 5 include any of the 529/ESA plan payments (it should not) = No
  • Is any of the Scholarship restricted; i.e. it must be used for tuition = Not that we know of.
  • Box 1 of the 1099-Q = 27,000
  • Box 2 of the 1098-Q = 10,000
  • Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)?:  Student
  • Room & board paid. If student lives off campus, what is school's R&B charge. If the student lives at home, only the school's board charge for on campus students. $7,000 On campus. $3,000 off campus
  • Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers: $500
  • How much taxable income does the student have, from what sources: $7000 (half from student worker - tax exempt, half from outside)
  • Are you trying to claim the tuition credit (are you eligible)? I (Parent) am not eligible, because of income limit. 
  • Is the student an undergrad or grad student? UNDERGRAD