I received a 1098T in my college son's name, a 1099Q in my name and social for same college son, and a 1099Q in my same college son's name and social. I plan to take

the American Opportunity Credit. I also used a 529 plan to pay for all of his qualified education expenses. I know I need to put 1098T and my 1099Q on my return but what about his 1099Q? He has nothing else but that. FYI I did do a return for him and he own $447 in taxes but when I put his 1099Q on my return it just reduced my refund by $7. It seems to me something is not right. Please advise.

2637

Level 15

Mar 12, 2025 6:25:26 PM

The TurboTax (TT) interview is complicated and mistakes are easy to make. In many cases, the 1099-Q can just be left off. But it depends on the numbers.

Provide the following info for more specific help:

Is the student the parent's dependent.
Box 1 of the 1098-T
box 5 of the 1098-T
Any other scholarships not shown in box 5
Does box 5 include any of the 529/ESA plan payments (it should not)
Is any of the Scholarship restricted; i.e. it must be used for tuition
Box 1 of the parent 1099-Q
Box 2 of the parent 1099-Q
Box 1 of the student 1099-Q
Box 2 of the student 1099-Q
Room & board paid. If student lives off campus, what is school's R&B on campus charge. If he lives at home, the school’s R&B “allowance for cost of attendance” for student living with parents.
Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers
How much taxable income does the student have, from what sources
Are you trying to claim the tuition credit (are you eligible)?
Is the student an undergrad or grad student?
Is the student a degree candidate attending school half time or more?

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I received a 1098T in my college son's name, a 1099Q in my name and social for same college son, and a 1099Q in my same college son's name and social. I plan to take