- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Suggest that your father have the funds transferred directly to the school so that the 1099-Q will be properly issued in your Social Security number.
When you enter the 1098-T , there is a link under Box 1 that reads "What if this is not what I paid"
Click that link and enter the amount less the distribution amount your father is claiming.
Usually it is far more advantageous to pay the tax on the earnings of the distribution if this allows you to get an education credit, but if your father is taking expenses to cover a distribution, this is how you would enter it.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 29, 2023
3:04 PM