1098-T Form - Enter on Parent or Student's Return

Forum|Forum|2 years ago
February 29, 2024
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I am doing my own taxes and using the 'Walk through guide" in turbo tax.

Do I enter the information from form 1098-T on both my tax return and my student's tax return?

The "walk through guide" is asking for the same information on both of our returns.

Parent Filing: Head of Household with Dependent

Student Filing: Single as a Dependent

Thank you!

SharonD007

Report the 1098-T on your tax return as long as your student qualifies as your dependent along with their educational information. Your student can't report the 1098-T on their tax return since you are claiming them as a dependent. You may also qualify for the Lifetime Learning Credit or the American Opportunity Tax Credit.

Review the TurboTax articles Guide to Tax Form 1098-T: Tuition Statement and What Are Education Tax Credits? For additional information.

Make sure she checks the box indicating that someone else will claim her as a dependent. ‌ Refer to the TurboTax article: How do I indicate that I can be claimed as a dependent on someone else's return?

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rorodgers16Author

Thank you!

I have the student as a dependent on the parent's return. And the student has checked the box that he/she can be claimed as a dependent.

Just to clarify, I should just bypass that section (Education) on the student's return even though Turbo Tax is walking me through and asking the same questions?