Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Does taxable dependent child's scholarships belong on dependent child's tax return or partents?
Does taxable dependent child's scholarships belong on dependent child's tax return or partents?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
mikeburg
Level 2
03-04-2024
04:37 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On 1098-T for a dependent child, box 5 scholarships exceed box 1 qualified tuition and expenses by $15,000. Which tax return does the $15,000 taxable scholarship belong on dependent child's tax return or the partents?
3 Comments 3
sjrcpa
Level 15
03-04-2024
04:50 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Dependent child's.
But, 1098-Ts are notorious for being incorrect. Have client get a transcript from the school to see actual tuition payments.
The more I know, the more I don't know.
mikeburg
Level 2
03-09-2024
09:42 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
yes
Accountant-Man
Level 13
03-09-2024
03:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
ESPECIALLY in the December time frame. If the student is billed in December, which calendar year should it belong to?
** I'm still a champion... of the world! Even without The Lounge.
