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Get your taxes done using TurboTax
Thank you. I read what the words say but I am still concerned.
The tax return in question is for my granddaughter who just started college in the fall of 2023. She is the recipient of the two 1099-Q's. One of them ties nicely to the 1098 -T furnished to the IRS by the college; the other 1099-Q is not included in the 1098 - t because the check was received by the college in 2024.
Copies of the 1099 - Q's and the 1098 - T were furnished to the IRS. Those forms are probably automatically matched to the recipient's tax return. Not finding one of the 1099 - Q's reported on the tax return, wouldn't the IRS send a tax deficiency notice?
March 12, 2024
5:54 AM