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MGC94
Level 7
April 12, 2024
Question

1098T

  • April 12, 2024
  • 1 reply
  • 9 views

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 

This topic has been closed for replies.

1 reply

PATAX
Level 12
April 12, 2024

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

Skylane
Intuit Community Champion
April 12, 2024

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
Camp1040
Level 10
April 12, 2024

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