3528013
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?
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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?
Your daughter will need to report the scholarship income on her return.
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?
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