Hi.
Replying with the answers (in red) to your questions. Thanks!
- Are you the student or parent. A: Parent
- Is the student the parent's dependent. A: Yes
- Box 1 of the 1098-T A: $11,380.00
- box 5 of the 1098-T A: blank
- Any other scholarships not shown in box 5 A: N/A - no scholarships
- Does box 5 include any of the 529/ESA plan payments (it should not) A: no
- Is any of the Scholarship restricted; i.e. it must be used for tuition A: N/A - no scholarships
- Box 1 of the 1099-Q A: $11,380.00
- Box 2 of the 1099-Q A: $5,660.90
- Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)? A: Student
- Room & board paid. If student lives off campus, what is school's R&B on campus charge. If he lives at home, the school’s R&B “allowance for cost of attendance” for student living with parents. A: No idea. He lives at home with us. The school is an on-line degree progam.
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers A: None.
- How much taxable income does the student have, from what sources A: ~ $26k from wages
- Are you trying to claim the tuition credit (are you eligible)? A: IDK. I don't think we are eligible.
- Is the student an undergrad or grad student? A: Undergrad in 2024
- Is the student a degree candidate attending school half time or more? A: yes
