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Handling college student W-2 income
So here's the situation. Helping my ex-wife file her taxes, trying to figure out if we should also be filing a separate return for our child who is in college. Here are the details:
- She earned $11,500 in W-2 income last year (of which about $350 was withheld for federal income taxes)
- Took a distribution from a Coverdell ESA to cover college expenses to tune of $25k (1099-Q)
- 1098-T for the year has $32k in tuition expenses, $7k in scholarships
She is being claimed as a dependent on my ex-wife's return. Questions:
- My daughter is (I believe) under the threshold of needing to file, if we don't file her return, do we need to include her W-2 income on my ex-wife's return?
- If my daughter files her own return, on which return do we put the 1099-Q/1098-T info on?
Thank you all in advance!
Topics:
March 7, 2023
5:59 PM