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Get your taxes done using TurboTax
Yes, if you had room and board or other qualifying expenses, you can enter that information to reduce the remaining taxable income from the 1099Q. This will reduce what is being calculated as taxable income. As long as you have qualified expenses to add such as room and board, it is okay to add those items in to reduce the taxable income.
For more information see the link below:
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March 3, 2025
1:49 PM