- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I handle the 1099-T when I paid for some of the tuition and my son paid for some?
I am trying to enter the college expenses on both my tax form and my sons tax form. We received the 1099-T from the college but it does not reflect who really paid. I paid for about $30,000 of it through the 529 dispersal, but my son paid for $6000 of it directly out of his own savings.
How do I reflect the proper payments for both his and my tax forms?
Topics:
posted
June 6, 2019
10:42 AM
last updated
June 06, 2019
10:42 AM


4 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I handle the 1099-T when I paid for some of the tuition and my son paid for some?
Are you claiming your son as a dependent on your taxes?
June 6, 2019
10:42 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I handle the 1099-T when I paid for some of the tuition and my son paid for some?
Yes - he will be a dependent on my tax form.
June 6, 2019
10:42 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I handle the 1099-T when I paid for some of the tuition and my son paid for some?
Then you claim it all.
June 6, 2019
10:42 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I handle the 1099-T when I paid for some of the tuition and my son paid for some?
Even though $6000 of it was his own money? Why wouldn't he want some portion of it on his own tax form?
As for being on mine, it looks like we may exceed the earnings limit and cant claim anything on ours.
As for being on mine, it looks like we may exceed the earnings limit and cant claim anything on ours.
June 6, 2019
10:42 AM
Still have questions?
Make a post