I have a 1098-T for my dependent daughter for college tuition but it is asking me to input the info. the form is in her name. where do I enter it, under me or her
I have a 1098-T for my dependent daughter for college tuition but it is asking me to input the info. the form is in her name. where do I enter it, under me or her
The 1098-T is only an informational document. The numbers on it are not required to be entered onto your or your student's tax return. However receipt of a 1098-T frequently means you (as the parent of a student-dependent) are either eligible for a tuition credit or possibly your student has taxable scholarship income.
If you claim the tuition credit, you do need to report that your student got one (the TurboTax interview will handle this). So, you enter her 1098-T on YOUR tax return.