Hello!
Just downloaded TurboTax 2020. Have some problems.
1. Entering the 1099-T form is very confusing.
Firstly program loading my last year return. After this I am going through some questions in the interview, and
finally is asked:
Your daughter is still in such and such University? - Yes
At this point I assume that program knows everything about this college. Go to the next question and see the following:
"Has she attended another college this year?" - and I answer "No", because she did not attend any other
school besides the one answered "Yes" in the previous question. Only on the third evolution I tried "Yes" and it was the right choice.
2. Inside the 1099-T interview I received the question "Have you received the 1099-T" in 2019?
So is it "in" or "for", because this form is issued in the first month of the next year.
3. Is formula correct:
(Money paid for room and boarding) = [Box5(1099-T) + (other scholarships)] - [Box1(1099-T)]
Thank you!
