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?
As for being on mine, it looks like we may exceed the earnings limit and cant claim anything on ours.
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