topic 1098T in Deductions & credits

1098T

carla110 — Sun, 28 Mar 2021 02:39:25 GMT

My 18 year daughter is a College Freshman. I claimed her and her 1098t form on my taxes. I am not doing hers, do I not claim the 1098t form on hers?

Re: 1098T

KrisD15 — Sun, 28 Mar 2021 03:20:31 GMT

You enter the 1098-T into your program to see if you are eligible for an education credit (box 1 is larger than box 5) or if the student needs to claim income (box 5 is larger than box 1).

Your program should tell you if the student needs to claim any income. If she does need to claim income, you don't use the 1098-T on her return.

Re: 1098T

carla110 — Sun, 28 Mar 2021 14:36:48 GMT

box 1 is larger than box 5. Does this mean I don't need to worry about tax credits/deductions for her since I claimed deductions on mine for a dependent?

Re: 1098T

ColeenD3 — Sun, 28 Mar 2021 15:46:03 GMT

You would not claim the same expenses on two different returns. Since you claimed her as a dependent, include the 1098-T on your own return.

Re: 1098T

Carl — Sun, 28 Mar 2021 15:51:21 GMT

The education stuff is "never" duplicated on two tax returns.

Typically, if the student qualifies as your dependent *and* you are actually claiming them as your dependent, then you will report *all* the education stuff on your return. Now that's "typically".

If a 1099-Q (not talking about a 1098-T in this specific paragraph) is involved here, then the 1099-Q gets reported on the tax return of the person whose SSN appears in the "beneficiary recipient" box of that 1099-Q, regardless of who reports the other education stuff.