Hal_Al
Level 15

Education

Q.  If so, where does this information for 1098 T go?

A. Probably nowhere, if that is all she has. 

 

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 (or your student, if she is not a dependent) 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 (the TurboTax interview will handle this).

 

The box 5 scholarship amount is not taxable, or reportable because it; less than box 1.  So the next question is: is she (or you) eligible for the refundable tuition credit?

 

The answer is no, if you or she have claimed the American Opportunity Credit (AOC) on her undergrad education 4 times in the past (there is a 4 times limit). If you haven't, the subtext question is why not; it's very generous. 

If you haven't claimed it 4 times, somebody can claim it now.  Is she you dependent for 2024?  Was she half time or more. Was she an undergrad (did she get a bachelor's degree in 2024)? How much is in boxes 1 & 5?  Any other expense, books and a computer? Room & board don't count.