I pay my son's college tuition and entered the form 1098-T values. $9500 in tuition and $500 in Scholarships. When I finished the program said I can't claim an education tax break because qualified tuition program distributions exceed the education expenses. The 529 distribution was only $2000. Thus this statement is false. How do I fix it?
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Go back through the interview for education expenses. You will be asked to choose the amount you want to allocate to education credits, if you have entered both the 1099-Q and the 1098-T. Enter the $7,000 there.
On that student Worksheet, you need to look at Part VIII line 3.
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