topic Scholarship question in Deductions & credits

Scholarship question

Jdansmith17 — Sat, 01 Mar 2025 00:48:50 GMT

If my daughter has a full time job and we are filling separate but she is a full time college student who claims her scholarship income?

Re: Scholarship question

MaryK4 — Sat, 01 Mar 2025 00:57:44 GMT

Your daughter will need to report the scholarship income on her return.

Re: Scholarship question

NCperson — Sat, 01 Mar 2025 00:59:18 GMT

The STUDENT is always responsible for scholarship income (the student's SSN is on form 1098-T)!

That reportable income can be reduced dollar for dollar by the Qualified Educational Expenses (box 1 of form 1008-T plus other qualified expenses, normally books or a computer, purchased outside the university)

if the qualified educational expenses exceed the scholarships, there is nothing to report on the student's tax return .

Since you are filing SEPARATE, you are ineligible for the AOTC tax credit.

does that help?