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MGC94
Level 7
Apr 12, 2024 11:51 AM UTC
Question

1098T

Taxpayer had money saved and didn't work this year and had no income

Taxpayers dependent only has a 1098T no income. 

1098T box 1 $4,975

box 5 $14,137 

Do either of them have to file a tax return if the 1098-t is the only tax form?

Thank you 

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3 replies

PATAX
Level 12
Apr 12, 2024 12:21 PM UTC

What happens when you enter the data on the tax return?

Skylane
Intuit Community Champion
Apr 12, 2024 1:06 PM UTC

If they qualifies for the AOTC, the refundable portion of the credit should be available

If at first you don’t succeed…..find a workaround
Camp1040
Level 10
Apr 12, 2024 4:40 PM UTC

As Skylane said.....Plus you should have unearned income for the dependent, if no other qualifying education expenses.