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February 2, 2021
Question

Do I use my dependents college tax forms 1098-T even if they will be filing own taxes.

  • February 2, 2021
  • 2 replies
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2 replies

KrisD15
February 2, 2021

Yes, as long as you are claiming the student as your dependent. 

 

If the 1098-T generates a credit, you claim the credit. 

(more expenses than tax-free assistance)

 

If the 1098-T generates taxable income, the student claims that amount as income on their tax return. 

(more tax-free assistance than expenses) 

 

Please enter under Deductions & Credits, scroll down to Education. 

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Hal_Al
Employee
February 2, 2021

Simple answer, the 1098-T goes on your return  if they are your dependents. The tuition credits/deduction go with the student's dependency.

 

That said, the 1098-T is only an informational document. The numbers on it are not required to be entered onto anyone's tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or deduction or possibly your student has taxable scholarship income.  If the student needs to report scholarship income, the 1098-T may need to go on his return.  Sometimes the 1098-T goes both places with the appropriate adjustments to the amounts.