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rtenpas
New Member

My son received 3 1099Q forms. Why is a portion on 1 of the 3 taxable? The 3 distributions equals his total school expenses. TurboTax shows a College Credit of $2500

I am reporting my son as a dependent.

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Accepted Solutions
KrisD
Intuit Alumni

My son received 3 1099Q forms. Why is a portion on 1 of the 3 taxable? The 3 distributions equals his total school expenses. TurboTax shows a College Credit of $2500

The TurboTax program has determined that the credit to you is worth more than the tax for him. 

If you don't want the credit type   letme   into the search box on your return and choose no credit. 

https://ttlc.intuit.com/replies/4194409

https://ttlc.intuit.com/replies/5113308


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1 Reply
KrisD
Intuit Alumni

My son received 3 1099Q forms. Why is a portion on 1 of the 3 taxable? The 3 distributions equals his total school expenses. TurboTax shows a College Credit of $2500

The TurboTax program has determined that the credit to you is worth more than the tax for him. 

If you don't want the credit type   letme   into the search box on your return and choose no credit. 

https://ttlc.intuit.com/replies/4194409

https://ttlc.intuit.com/replies/5113308


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