Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
My daughter received a form 1098-t. It only has an amount in
My daughter received a form 1098-t. It only has an amount in Box 5 Scholarships and Grants. I claim her as a dependent on my taxes. Do I have to enter this on my taxes? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,935 satisfied customers
MY DAUGHTER'S 1098-T FORM FROM HER SCHOOL HAS CHANGED. IN
MY DAUGHTER'S 1098-T FORM FROM HER SCHOOL HAS CHANGED. IN THE PAST, LINE 2 HAD TOTAL TUITION AND EXPENSES INCLUDED. LINE 5 HAD TOTAL SCHOLARSHIPS AND GRANT. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,935 satisfied customers
My daughter is in her first year of grad school. She
My daughter is in her first year of grad school. She received a 1098 t. She works for the university as graduate student researcher and as a result they pay her tuition. Tuition on the 1098T is report… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
1,169 satisfied customers
If i don't claim my daughter as a dependent does she have a
If i don't claim my daughter as a dependent does she have a chance of getting more grant/help in paying for her graduate program? she is 21 yrs old. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
5,257 satisfied customers
This is the first year my child who is my dependent received
This is the first year my child who is my dependent received a 1098 T. We tried to get an understanding from the school but could not. This is for 2017. My child was eligible for a pell grant and paid… read more
Barbara
Barbara
Enrolled Agent
13,801 satisfied customers
I've told that the difference between the amount of the
i've told that the difference between the amount of the scholarship reported on form 1098-T and the tuition reported and the qualified expenses is taxable. The amount of the scholarship includes pell … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Form 1098-T (tax year 2013) reports $0 in box 2 and
Form 1098-T (tax year 2013) reports $0 in box 2 and substantial amount in box 5. This is due to timing of billing. Billing is done in Dec of previous year for Spring term and scholarships paid in Jan … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,624 satisfied customers
DAUGHTER IS 21 AND ATTENDS UNIV. OF TENN. CLAIMED AS MY DEPENDENT
DAUGHTER IS 21 AND ATTENDS UNIV. OF TENN. CLAIMED AS MY DEPENDENT AND HAS 0 EARNED AND UNEARNED INCOME. FORM 1098-T ARRIVED, BOX 2 = 21,963.00 AND BOX 5 = 25,683.00. OF BOX 5 TOTAL, ROTC SCHOLARSHIP =… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,624 satisfied customers
My daughter received W2 from earnings in the amount of
My daughter received W2 from earnings in the amount of 3879.36. She also received a 1098-T. Box 2 was for the amount of 25517.50 and Box 5 was for 32450.00. Boxes 7 and 8 were checked. Based on this, … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
My income greater than 250k. Married filing jointly 2 daughters
My income greater than 250k. Married filing jointly 2 daughters are full time graduate students Daughter 1: Law School. Lives away from home more than 6 months of year – is a full time student. No inc… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Hi, My daughter attended a college full time since Fall 2010.
Hi, My daughter attended a college full time since Fall 2010. For Spring 2012 semester, she transferred to a different university for full-time attendance. She could not register for clasees at the ne… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
My daughter graduated in May 2011 last year after getting
My daughter graduated in May 2011 last year after getting two degrees from a qualified university. I had claimed American Opportunity Credit for 2 years for her and the Hope Credit for another 2 years… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,693 satisfied customers
My daughter is a full-time undergraduate college student.
My daughter is a full-time undergraduate college student. She has a 2011 W-2 showing: 1.Wages, Tips, Other Compensation in the amount of $1,550. She had $32.15 withheld for Federal Tax and $15.10 with… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
My daughter received a 1099-Q Box 1 - $2,232.61 Gross Distribution Box
My daughter received a 1099-Q Box 1 - $2,232.61 Gross Distribution Box 2 - $821.58 Earnings Box 3 - $1,411.03 Basis. This money is a FL prepaid college plan that her grandparents paid for and was paid… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,935 satisfied customers
My daughter has the Florida bright fuures scholarship which
My daughter has the Florida bright fuures scholarship which she uses to pay her housing and the Florida pre-paid that we bought 20 years ago that pays about 3/4 of her tution. I was told the bright fu… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
My daughter received a 1098-T for her grants received to ...
My daughter received a 1098-T for her grants received to attend college and we claimed it as income. Is this taxable or if not why was this 1098 issued and furnished to the IRS.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,935 satisfied customers
My 20 year old daughter earned $5,373 at her summer job and ...
My 20 year old daughter earned $5,373 at her summer job and received a $10,800 scholarship for her full-time college expenses last year. She was sent a form Form 1098-T for the scholarship and tuition… read more
Russ
Russ
machinist
Bachelor Degree
2 satisfied customers
My daughter has won a contest and was accepted at state ...
My daughter has won a contest and was accepted at state college. Part of the contest was an award for 10,000 scholarship to her school to cover qualified expenses. This scholarship doubles if she post… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x