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- Re: 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?
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mikeburg
Level 2
03-04-2024
04:37 PM
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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?
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sjrcpa
Level 15
03-04-2024
04:50 PM
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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
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yes
Accountant-Man
Level 13
03-09-2024
03:31 PM
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ESPECIALLY in the December time frame. If the student is billed in December, which calendar year should it belong to?
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