- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
What is your situation? Are you the parent or student? If parent, is your income to high to claim the education credit (AOTC)? What are the amounts in boxes 1 & 5 of your 1098-T? Is the student the parent's dependent? Why are you entering education info?
The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income.
If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)
It is possible for a parent to claim the AOTC, even if the student is on scholarship.