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dannotaxes
New Member

Should i file a 1098t if my parents are claiming me?

 
3 Replies
HelenaC
New Member

Should i file a 1098t if my parents are claiming me?

No, you as a dependent, do not file form 1098-T Tuition. Your parents do.

If someone has claimed you as a dependent on their tax return, only the person who claimed you can claim a credit for your qualified education expenses. 

Additional information: How do I enter Form 1098-T?

amdaubs
Returning Member

Should i file a 1098t if my parents are claiming me?

Do the parents still file the 1098t even if the student owes taxes on the scholarships and grants? The scholarships and grants exceeded the tuition costs for the year. The student is also filing a tax return because they worked in 2019 but they are still a dependent.

AmyC
Expert Alumni

Should i file a 1098t if my parents are claiming me?

The 1098-T could go on the parents or the college student depending on the circumstances.

  • If you have expenses that qualify for education credits, the parents will claim the education credit.
  • If the student has taxable income from the 1098-T, it goes on the student's return. My daughter had to file a tax return simply from the taxable scholarship income, no working.

 

Yes, you can have both scenarios  play out at the same time. 

 

Related:

Why is my scholarship taxable?

What education tax credits are available?

What are examples of education expenses?

What are qualified education expenses for the American Opportunity and Lifetime Learning credits?

Who is eligible to take the American Opportunity Tax Credit?

What are qualified education expenses for the American Opportunity and Lifetime Learning credits?

 

 

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