<p>I have read the threads regarding the 1098. i have had much clarity. We are new to the state and as of yet have not found a reputable accounting, but will continue to look.
Nevertheless just for clarification
- DS received 1098-t
box 1 10000
box 5 22000.
this is for both semeste I have two questions.</p>
<p>a. If box 1 does not include books, equipment(like computer) and supplies, can I decrease the $12000 - books, equipment,and suplies ( i have all the receipts) to $9000 taxable scholarship income?</p>
<p>b. DS will report a w2 income of $1200 and reports the txable income of $9000
do i still claim his as a dependant and exemption as the parent?</p>
<p>Thank you in advance for all who have asked questions and those who have answered. We are blessed with first child receiving so much help</p>