Form 1098-T and FAFSA Grants Question

Pianomom12
Tue, 01 Feb 2011 12:51:47 +0000

swimcatsmom – can you please further explain for me…

My son completed his first college semester and we just received the 1098T form (new to me). Based upon what you stated above about unqualified expenses being taxable, does this mean that if the total scholarships/grants for 2010 were used for tuition only, this is not taxable? Does my child need to file a tax return for this only (there is no other employment-related income) or is the indicated on my tax return? Thanks.