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Level 2
May 16, 2021
Question

1098-T = who's return?

  • May 16, 2021
  • 2 replies
  • 0 views

I have 2 kids in college who are still dependents and I pay all of their tuition. I am filing returns for them because they both made over $12,400. Whose return do I enter their 1098-T information on, theirs or mine? Thx.

    2 replies

    DoninGA
    Level 15
    Level 15
    May 16, 2021

    If the children are being claimed as dependents on your tax return then the information from the Form 1098-T is only entered on your tax return.

    Level 2
    May 16, 2021

    That's what I thought - I really appreciate the confirmation.  Thanks!

    Level 15
    May 16, 2021

    If Box 5 (scholarships/grants) is larger than Box 1, then something may need to be entered on the kids' return as well. 

     

    Or in some cases you would WANT to intentionally make some scholarships/grants taxable on the kids' returns to allow you to claim a larger educational credit.