I am going to assume box 5 scholarships are bigger than box 1. If you qualify for an education credit, that is the first goal. You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers). The first question is do you qualify for an education credit:
Yes, Income allows the credit:
- Enter the 10998-T tuition of $4000 on your return and everything else blank.
- Enter the 1098-T on the students return but take out $4000 from box 1 (since it is on your return).
No, Income does not allow the credit:
- the 1098-T is not entered on the parent's return
- the 1098-T is entered on the student return
Does the student need to file a tax return is the next question. Take this quick quiz, Filing requirement.
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