Taxable portion of 1098-T

[Amanda44]

Need more help with education situation:

I have a client that claims student as dependent. 

The dependent received 1098-T with the following information:

Box 1: $24,288

Box 5: $40,883

Student's income is $8k.

What is the proper way to report the 1098-T?

[dascpa]

There was a recent discussion on this.  Please search the forum for your answer.

[taxiowa]

What were all the scholarships.  If there was $17,000 in Pell Grants; come back we can talk.  Otherwise report the 1098T and R&B and books on kids return.  Most likely with that income will not owe much even adding in free money not used for qualified education.

[Bsch4477]

Be prepared to deal with the Kiddie Tax.