Followup question....
Daughter is on scholarship at a school in OH. She is my dependent and I live in IN and she is an IN resident according to school and how I am claiming her for taxes. She earned about $6000 last year for a summer job in OH and had normal taxes withheld. Her 1098-T has $38K in box 5 and $23K in box 1...hence a difference of $15K...a chunk of this $15K is for her room and board for the entire year living off campus.
Question: Who claims the 1098-T...so far it is on my student's tax filing...it is showing she will owe approx. $400 to federal and over $800 to IN (since an IN resident and non-resident of OH). If not for the 1098-T she would get all of her federal and likely OH withholding back. Seems crazy! What am I missing? Does the 1098-T go on my return? If so, would I as the parent owe taxes on this 1098-T difference (assuming all else equal).
Thanks.
