I am following up on this conversation from last year since I have the exact same situation. 2023 was our dependent daughter's first year in college (so she only has one semester of college expenses and scholarships, as well as her last year of high school). Our income is above the limit for claiming an education credit. Her education expenses were paid for with the scholarship she received, a 529 and our own payments (not hers). She received a 1099-Q and a 1098-T, both in her name. Since she is our dependent, we would normally enter the information from these statements in our return. But since we will not be eligible for an education credit, it sounds like we don't need to enter the information from these forms in our return at all. Is that correct?
Or, should we enter just the 1098-T information in our return?
Should we report how much of her college expenses we paid out of pocket in the educational expenses part of the program, and how would we do that without entering the information from the 1098-T?
Thank you!
