Student Loan & Education Tax Topics

Education

Education: Deductions, Credits, and Answers

There’s no doubt about it, education tax benefits can make a huge difference in your refund. The American Opportunity Tax Credit (AOTC) typically offers the largest tax break. But if you don’t qualify for that, there’s always the Lifetime Learning Cr... read more

Can anyone help me understand why simple 529 plan fund transfer to another 529 plan program turns out taxable income?

I transfer the whole amount from Washington state GET to 529 plan in 60 days. This is direct trustee to trustee transfer, but TurboTax shows taxable income. 'Trustee-to-trustee transfer' option checked, but changed my taxable income. Why is it?

1098-T Question

Hello! I would really appreciate some help. I am going to simplify the numbers here to make the situation easier to understand. Box 1 says $4500 and box 5 says $7000. My issue is that I received a $3000 emergency housing assistance grant from the sch... read more

Where do you enter room and board college expenses so that they are considered in 529 distribution?

Room and Board Expenses Not Able to be Applied Against 529 Disbursements Reported on 1099Qs

After being a long-time patron, here's why I will no longer be using TurboTax software: 1. the 2025 tax software does not have any place where one can put expenses for room and board to offset 529 distributions (as reported on the 1099Q form).2. I co... read more

Where do I report college expenses like rent that were not on a 1098-T? I'm seeing a spot for expenses for my high school student but not for my college student.

I used a 529 and had qualified distributions. I'm getting dinged because I'm only seeing a place to put in the 1098-T (tuition) expenses, not rent for the off-campus living.

Student Internship reported on 1099 MISC

The question of how to report a stipend from a student summer internship has been addressed multiple times but I can find no clear answer. A 10 week summer internship at a national lab provided a 1099 MISC as a stipend, and while I know how to get ar... read more

Where can I enter room and board expense for my college? I am a full time student. The turbo tax application does not allow me to enter this expense.

Georgia Qualified Education Credit

When doing my GA state taxes, I entered the amount for the QEE credit as an estimated tax payment instead of a federal tax deduction. However, I see in the Easy Step view of my GA state taxes that I have not only an Education Expense Credit but also ... read more

1098T Other Income from excess of Box 5 over Box 1 not transferring to Other Income on return

I have entered the information from 1098T which shows Box 5 higher than Box 1 which should create other income of the difference between the two. This amount is not transferring to 1040 or the schedules as other income. I have seen in many other post... read more

where do i enter education expenses like room & board

Turbo Tax is not allowing me to input qualified education expenses from my 529 plan withdrawals.

Background. I have had 529 plans for my daughters for 25 years and have used Turbo Tax for about 30. The last 10 years I have entered qualified education expenses from 529 withdrawals into Turbo Tax with no big issues. This year, I input the 1099-Q i... read more

Turbo tax says my child owes taxes based on 1099-Q from a 529 distributions. But all funds were used for qualified expenses. What am I doing wrong?

I've put all the information from form 1099-Q (payment from qualified education programs) into turbo tax and followed every prompt. I've double checked each question set. Nowhere does it give me an option to state that the funds reported on 1099-Q we... read more

Why doesn't turbotax allow me to enter qualified education expenses like room & board? is their a problem with the software?

It allows books and supplies to be entered if charged by the institution, and indicates other expenses can be entered later, but it never then prompts for other expenses before moving out of the 1098-T and 1099-Q sections in the online version.

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My son is nondependent who files own income tax. We withdrew 529 funds and used for his education. On which tax return does the 1099-Q and 1098-T go on? His or mine?

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Education: Deductions, Credits, and Answers

Can anyone help me understand why simple 529 plan fund transfer to another 529 plan program turns out taxable income?

1098-T Question

Where do you enter room and board college expenses so that they are considered in 529 distribution?

Room and Board Expenses Not Able to be Applied Against 529 Disbursements Reported on 1099Qs

Where do I report college expenses like rent that were not on a 1098-T? I'm seeing a spot for expenses for my high school student but not for my college student.

Student Internship reported on 1099 MISC

Where can I enter room and board expense for my college? I am a full time student. The turbo tax application does not allow me to enter this expense.

Georgia Qualified Education Credit

1098T Other Income from excess of Box 5 over Box 1 not transferring to Other Income on return

where do i enter education expenses like room & board

Turbo Tax is not allowing me to input qualified education expenses from my 529 plan withdrawals.

Turbo tax says my child owes taxes based on 1099-Q from a 529 distributions. But all funds were used for qualified expenses. What am I doing wrong?

Why doesn't turbotax allow me to enter qualified education expenses like room & board? is their a problem with the software?

My son is nondependent who files own income tax. We withdrew 529 funds and used for his education. On which tax return does the 1099-Q and 1098-T go on? His or mine?

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