- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can you combine the totals on two 1098T forms so that all of the scholarship funds end up going towards qualified tuition expenses.
Daughter is claimed as a dependent on our taxes. She is a fulltime student at university A. 1098T box 1 $8400 and box 5 is $2500. For university B where she attended a 6 week summer program box 1 shoes $2700 and box 5 $3900 ( reflecting the $1200 stipend). Can that $1200 stipend be put toward the qualified educational expenses at University A to avoid paying taxes on it. If not, how do I add the $1200 as taxable income on turbotax? Can it be done on the free file version? Also, university A is in our home state of NC. University B is in Michigan. Will she need to file taxes in both states?
Topics:
‎February 26, 2024
11:09 AM