I am the parent. The students are my dependents. I have 3 students, all undergrad.
In only case is there any amount in box 5 and it is a couple so we will do that case as the example.
In all 3 cases, the 1098Ts and actual expenses exceed the amounts in the box 1 1099Qs.
1098T box 1 = $19,632.00
1098T box 5 = $358.45
no other scholarships
Box 5 does not include any 529
Yes, that "scholarship" is an employee discount on the tuition I get from my employer at the school
1099Q box 1 = $19,318.56
1099Q box 2 = $9,210.66
1099Q recipient is FBO student and parent "part" but SS# is parent.
Student lives at home.
Other qualified expenses = $180.18 (books, we just feed and house all)
Minimal cap gains and interest income in 2021.
We did not qualify due to income level for any credits.
Student is undergrad.
This case would be similar for the other 2 students. 1 student has govt loans but have not started paying back, another needed to file to recoup withheld taxes.
