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Get your taxes done using TurboTax
If you cannot get an education credit because of your income level
And if the distribution was used to pay tuition and/or Room and Board
and if there were no additional scholarships in Box 5 of the 1098-T that would trigger tax, leave the 1098-T and 1099-Q off the entry screens.
Form s 1099-Q and 1098-T are used for tax computations.
If the distribution was 20,000
and Box 1 LESS Box 5 is 20,000 or less, there is nothing to report.
If Box 1 less Box 5 is less than 20,000, be sure to add Room and Board which can also be allocated to the distribution.
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‎April 16, 2023
6:15 PM