1098-T for college

Forum|Forum|6 years ago
March 28, 2020
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My child is a full time student and received a 1098-T, which I used to file our taxes. Do I also use the same information to file his taxes? We paid the tuition, but he received the scholarships. Do I leave the scholarship information off of my taxes, or do I include it? Do I only use the scholarship information on his taxes, and the amount he paid in student loans, or do I use the complete total in Box 1 on his taxes as well?

DavidS127

It depends. If the scholarships your son received exceed the qualified education expenses, your son reports the excess as taxable income on his tax return using the Deductions and Credits>>Education section. You do not report that scholarship as income on your tax return, but you do get all the education tax benefits associated with the 1098-T.

If the scholarships received were less that his qualified education expenses, your son does not need to report anything associated with the 1098-T on his tax return.

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