I am the parent and my daughter is my dependent on my tax return. She is going to her 2nd year full time college. She made $6000 in summer job with no Fed and State and City income tax deduct, she also had $600 interest. She went to City college with scholarships paid, so she didn't pay any tuition. She took out $6980 as non-qualified 529, same as yearly tuition, so she doesn't has to pay for the penalty. She also took out $2788.80 as qualifed 529 for book and equipments. She got an 1099-Q address to her with her name and SS# with box 1 $9718.80, box 2 $3414.24 box 3 $6304.56 She also got the 1098-T address to her name and SS# box 1 $10650.77 box 4 $3133.07 box 5 $9739.22 box 6 $2809.22 I don't think I am qualify to claim college credit with my income.
