1098-T help.

[micjohnson]

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.

[SusanY1 · Accepted solution]

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.  

[micjohnson]

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.