Forgot to report 1098 T on tax return

Forum|Forum|2 years ago
March 20, 2024
2 replies
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Hi, if I already filed tax return and found out I forgot to enter 1098T info and I know I won’t get any education credit, should I still amend my tax return? Can I let my dependent kid report that info on his tax return since he needs to file tax separately. Please help!

MinhT1

If you know that you'll get no education because you have more income than the limit, then there's no need to amend your tax return.

If your child is your dependent, he can't claim education credits.

The following is an extract of an IRS document:

Who can claim a dependent's education expenses. If a student is claimed as a dependent on another person's tax return, all qualified education expenses of the student are treated as having been paid by that person. Therefore, only that person can claim an education credit for the student. If a student is not claimed as a dependent on another person's tax return, only the student can claim a credit.

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Hal_Al

Employee

The 1098-T is only an informational document. The numbers on it are not required to be entered onto your or your student-dependent's tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income.

Student-dependents are not allowed to claim a tuition credit.

That said