<p>My daughter is a freshman this year so it's the first time we're dealing with 1098-T forms and taxes. I have several questions that I hope someone can answer. </p>
<p>First situation - we received a 1098-T from a local secondary school where she took a college class last year. The 1098-T came in her name. BUT, neither of us received a 1098-T from the university she is now attending full time. She's going to request a copy tomorrow. I suspect that will also be in her name since all transactions between herself and the school are done electronically via an account she was required to set up with a specific bank. She already did her own taxes using TurboTax, and because she's still under myself as a dependent, it never gave her the option of filing any school cost info.</p>
<p>1) I've been reading a couple other threads and am getting the impression that she needs to claim her grants as income? How can she do that when she is not given that as a choice of income source or the ability to enter 1098-T info?</p>
<p>2) Can I use the information from the 1098-T forms on my tax return even though they are made in her name? </p>
<p>I can’t answer all of your questions, though I do know that grants and scholarships for tuition and books are non taxable. They do become taxable if applied towards room and board.</p>
<p>Did turbo tax have her do a 1040EZ? I imagine that 1040’s anyway have a place to put this info, so that the educational credits can be claimed. </p>
<p>I would talk with a tax preparer or accountant to get some of this info, or look at the IRS dot gov website to see if you can get the answers. You may be able to claim the credits if she is your dependent. And, if she is independent, then she should be able to claim the credits by filing an amended return and using the right forms.</p>
<p>“Can I use the information from the 1098-T forms on my tax return even though they are made in her name?”</p>
<p>Yes, as long as the number of exceptions on her tax return is zero and you paid at least 1/2 of her expenses. Otherwise, you cannot claim her as dependent.</p>
<p>“And, if she is independent, then she should be able to claim the credits”</p>
<p>This only makes sense if the amount of tax she owed is significantly higher than the amount of credits. Otherwise she should be claimed as dependent because parents usually have to pay more tax than students.</p>
<p>thanks, coolweather, for expounding on what I said earlier. Though it also makes sens if the D provided over half of her own support and can’t be claimed by the parents. She is independent in that case. The OP hadn’t said in her original post if her daughter was still a dependent or not. I didn’t want to assume anything that we didn’t have info for and was trying to give a general answer for both a dependent d and an independent d.</p>
<p>For the most part, tax questions should be answered by an in person tax pro. It is very difficult to give adequate advice to strangers over the internet. What we say may be true and right as far as the question goes, but we may not have all of the info. There are lots of different scenarios that could be the truth and one little bit of info that we don’t have may make answers do a 180.</p>