Useful info for 1098-T

coralbrook
Mon, 28 Mar 2016 23:56:26 +0000

I have a question about all of this. I am working through personal income taxes right now (consumed with business taxes prior to March 1).

On the 1098T in Box 5… am I supposed to transfer ‘scholarship/grant’ dollar amount onto a return for my D as income? Yikes!!! I have never done that. D does not need to file income tax return because her W2 earnings were less than $600 in 2015.

Please say No Otherwise my D is probably going to get thrown in jail for not filing returns