topic Re: 1098 in Education

1098

ekfierce — Fri, 28 Mar 2025 17:44:35 GMT

My parents paid for my year of college but I paid for my textbooks. I am a dependent and they claim me as such. Who files the 1098T on their taxes. Is it them or me or both of us.

Re: 1098

DoninGA — Fri, 28 Mar 2025 17:46:09 GMT

Since you are being claimed as a dependent then only the parents can claim the education expenses, Form 1098-T, on their tax return.

Re: 1098

AmyC — Fri, 28 Mar 2025 17:47:50 GMT

Whoever claims the student claims the credit. They can use your expenses if needed, to get the full $4,000 of tuition expenses.

Re: 1098

Hal_Al — Fri, 28 Mar 2025 18:03:10 GMT

Q. Who files the 1098T on their taxes. Is it them or me or both of us?

A. Them and only them.

If there is an amount in box 5 of your 1098-T and the amount in box 1 does not exceed box 5, by more than $4000, reply back for more info.