Thank you! Just to be clear:
Since my husband is the recipient of the 1099-Q, do we need to report that amount on our tax return? And we should NOT claim my son as a dependent? And we should NOT enter the 1098-T on our tax return?
When my son files his tax return, should he say that he is NOT claimed as a dependent on anyone's tax return? And when he fills out his 1098-T, he should just leave box 1 blank -- does this mean we acknowledged using up all of box 1 for educational expenses already, on our tax return?
If the scholarship $ was used for additional educational expenses, would he be taxed on the difference?
Thank you!
