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1098T

MGC94
Level 7

Taxpayer had money saved and didn't work this year and had no income

Taxpayers dependent only has a 1098T no income. 

1098T box 1 $4,975

box 5 $14,137 

Do either of them have to file a tax return if the 1098-t is the only tax form?

Thank you 

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3 Comments 3
PATAX
Level 15

What happens when you enter the data on the tax return?

Skylane
Level 11
Level 11

If they qualifies for the AOTC, the refundable portion of the credit should be available

If at first you don’t succeed…..find a workaround
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Camp1040
Level 10

As Skylane said.....Plus you should have unearned income for the dependent, if no other qualifying education expenses.

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