How do I adjust the 1098-T for either Ln 1 or Ln5 if I claim my child who is claiming some taxable income from the Ln 5 scholarship on their tax return from the 1098-T. Do I reduce the Scholarship portion of 1098-T on my return or increase the Qualified Expenses on LN 1?
Also, is this risky since it will no longer show what is on the 1098-T? And, I have the different amts. on my return with the difference on my kid's return to the additional unearned income on their return without a W-2, but matching up between the two returns, my and theirs? Also, do both returns need to filed same day when doing this and can be done electronically using TurboTax and not filed out manually?
