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Education
@Dawn86 If you daughter is required to file a return, she will report the Excess Scholarship Income on her return. Room and Board is not considered a Qualified Education Expense, unless paid with 529 funds.
This link gives info on Qualified Education Expenses and this link talks about Taxable Scholarship Income.
Current filing requirements for a non-dependent under 65 are more than $12,400 in Earned Income (which is the Standard Deduction for a single person).
If she is not required to file a return, save the 1098-T for your records.
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February 23, 2021
5:43 PM