Why does my 1099-q show more than my 1098-t?

null143 · ‎June 4, 2019

MaryK1 · ‎June 4, 2019

The 1099-Q has earnings that are not subject to federal tax and generally not subject to state tax when used for the qualified education expenses of the designated beneficiary, such as tuition, fees, books, as well as room and board at an eligible education institution and tuition at elementary or secondary schools. The 1098-T generally only includes the tuition so you want to be sure to add the other expenses so you do not pay the tax on your 1099-Q.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

MaryK1 · ‎June 4, 2019

The 1099-Q has earnings that are not subject to federal tax and generally not subject to state tax when used for the qualified education expenses of the designated beneficiary, such as tuition, fees, books, as well as room and board at an eligible education institution and tuition at elementary or secondary schools. The 1098-T generally only includes the tuition so you want to be sure to add the other expenses so you do not pay the tax on your 1099-Q.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Why does my 1099-q show more than my 1098-t?