topic My son attends community college. Lives with mom. I claim on my taxes. Received a 1098 T . Do I need to include on my tax return? That is financial aid money. in After you file

My son attends community college. Lives with mom. I claim on my taxes. Received a 1098 T . Do I need to include on my tax return? That is financial aid money.

gabbyturner01 — Tue, 04 Feb 2020 22:39:40 GMT

Re: My son attends community college. Lives with mom. I claim on my taxes. Received a 1098 T . Do I need to include on my tax return? That is financial aid money.

macuser_22 — Tue, 04 Feb 2020 22:52:48 GMT

If yiu claim him as a dependent then you can claim the tuition that *you* paid yourself. Any scholarship in box 5 the student must claim on the students own tax return if it was more then the box 1 tuition.

Re: My son attends community college. Lives with mom. I claim on my taxes. Received a 1098 T . Do...

LinaJ2020 — Tue, 04 Feb 2020 22:59:28 GMT

If you did not pay any out of pocket on qualified education expenses like tuition, books and fees, you do not need to report the Form 1098-T. You only report this form when you pay out of pocket and want to claim an education tax benefit. On the Form 1098-T, is the number in box 1 equals to that in box 5? You would want to report if box 1 is greater than box 5 ( Paid tuition amount is greater than the grant/scholarship amount)

@gabbyturner01