My daughter is in high school (12th grade). She took a college course in a technical college and received a 1098-T. Below are the details.
Scholarships / Grants (Box 5): $921
We paid for qualified tuition (Box 1): $621
Received a cheque from the technical college for $300
Qualified expenses for course books from the college store: $240
($921-$621-$240)=$60
My question here is: Should I enter the form 1098-T information as it is? Also, should I need to show $60 as an income on the Wages & Income section as well?
Appreciate your help.
You'll need to sign in or create an account to connect with an expert.
You most likely do not need to enter the 1098-T at all. The $60 would be taxable income to your daughter, not to you, if she were required to file a return.
If she's not otherwise required to file a return, you can ignore the 1098-T. If she is filing a return (for part-time work or interest/dividend income) then add the document to her return.
You most likely do not need to enter the 1098-T at all. The $60 would be taxable income to your daughter, not to you, if she were required to file a return.
If she's not otherwise required to file a return, you can ignore the 1098-T. If she is filing a return (for part-time work or interest/dividend income) then add the document to her return.
Thank you, Susan, for your kind reply.
I think I will ignore the form 1098-T as my daughter has a W-2 for $591 only from her part-time work, so she doesn't need to file her tax return on her own.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
josalyn08
New Member
viac
New Member
dsw_s
New Member
in Education
yrosario79
New Member
in Education
nellysafi321
New Member
in Education