Question

I am a full time student. I received support from my parents to make up for what student loans did not cover. It was 11,916. How do I claim that?

Forum|Forum|7 years ago
June 1, 2019
2 replies
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TurboTax Free Edition Online

Employee

Are you claimed as a dependent by your parents? If you are claimed by them, they can claim a credit for any qualified education expenses not paid for by scholarships on their tax return. If you are not claimed as a dependent, you can claim the qualified expenses not paid for by scholarships on your tax return for a credit. Enter your 1098-T and answer all the followup questions.

V

Vanessa11_2

Employee

The support your parents gave you is not counted as income. You do not have to claim that. It is either considered a gift or if they are claiming you, it is just support of a dependent.

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