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Form 8863 line 27 (adjusted qualified expenses) is not editable and is based on the sum of box 1 of 1098-T plus Other Education Expenses
Form 8863 line 27 (adjusted qualified expenses) is not editable and is based on the sum of box 1 of 1098-T plus Other Education Expenses. Therefore line 27 is maxed at $4000. I am filing the tax return as an independent student and need to put a smaller number in line 27 because most of the tuition was paid using 529 plan withdrawal by my parents. My father is a recipient of 1099-Q and reports it in his return. How can I enter the qualified expenses amount that is less than TurboTax automatically generates based on 1098-T?
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‎January 29, 2023
2:05 PM