1098-T: Can Box 1 - Payments Received be reported on my tax return and Box 5 be reported on my daughter's tax return?

[BelknapPoint]

@twoinanddone

You can also report some of the scholarships as taxable to your daughter and then count that amount toward the AOTC credits for your return. Since the new standard deduction is ~$12600 (I think that’s it for this coming year), your daughter might be able to make the entire $4000 income to her and not have to pay taxes, but make you eligible for the AOTC - it really depends on her other income.

OP is working on 2019 tax returns – the standard deduction for a single dependent will max out at $12,200. For a single dependent in 2020, the max standard deduction is $12,400.

If OP’s daughter is going to declare a significant scholarship amount as taxable, the kiddie tax (IRS Form 8615) will likely come into play. It is highly advisable that OP seek local competent assistance with completing the tax returns. Based on OP’s evident lack of understanding, seeking anonymous advice on internet forums is not the way to do this.