College student claimed as dependent

Forum|Forum|2 years ago
February 21, 2024
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I have a 21 year old full time college student. He received a few W-2s from jobs he has had and a 1098T from college. The 1098T has $13,039 in box 1 and $18,836 in box 5. He made over $15,000 with his W2's. I am claiming him as a dependent. When he files his taxes, he checks I can be claimed as a dependent as someone else's taxes. He also claims the 1098T, correct as taxable income, correct?

Thank you!

Best answer by KrisD15

Yes, in your situation, since there are no expenses for an education credit, the 1098-T is entered into the student's TurboTax program, as well as his other tax documents, such as his W-2.

Yes, be sure he selects "Someone else can claim me" and "Someone else WILL claim me"

KrisD15Answer

Yes, in your situation, since there are no expenses for an education credit, the 1098-T is entered into the student's TurboTax program, as well as his other tax documents, such as his W-2.

Yes, be sure he selects "Someone else can claim me" and "Someone else WILL claim me"

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VSN7

Can you please elaborate what you mean by enter "1098-T is entered into the student's TurboTax program"? In my case, Turbo tax told me enter that in our return instead of my son's return.

DawnC

Employee

Kris was referring to the above situation where there were no expenses to take credit for on the parent's return (scholarships exceeded tuition). If you are claiming your son, enter his 1098-T on your return. @VSN7

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