I received a college scholarship through the Army ROTC; 1098-T shows I received about $4,000 more in scholarship than the reported qualified expenses (the scholarship included room & board). Room & board is a taxable scholarship benefit; however I also found (outside the IRS website) that if the difference is less than a certain amount (including my W2 earnings) this does not need to be reported (I could not find references to this on the IRS websites). I am trying to clarify that this excess would be reported on my tax return (and because it was below a certain amount- it did not need to be reported); or was this excess supposed to be reported on my parents return? I am claimed as a dependent on my parents return.
