Dependent Child or Parent Reports 1098-T?

[davidjy]

  Hello,

   Do I as the parent or my daughter, who I claim as a dependent, need to report the 1098-T that includes tuition and scholarships?  I paid the vast majority of the tuition, but I wanted to check since my daughter's name and social security number are on the 1098-T.

  Since my daughter had a job over the summer, I am helping file her taxes, but I was already prompted by Turbotax to include the 1098-T on my taxes. Thanks! David

[Vanessa A]

Yes.  You would report the 1098-T on your return and claim the education credits for the 1098-T.  A dependent cannot claim the education credits if they are claimed as a dependent. 

She only needs to include the 1098-T on her return if the scholarship is more than her education expenses.  If so, the scholarship becomes taxable income to HER on HER return. 

[Hal_Al]

If the box 1 amount exceeds the box 5 amount by less than $4000, reply back for additional advice.