Thank you for your reply, Kathryn! So is it acceptable to leave off my return the 1099Q where my daughter is the recipient and use it instead on her tax return AND claim her university 1098T amounts on both of our returns?
The numbers:
1099Q Dad is recipient : $37,000 in Box 1
1099Q Daughter is recipient : $19,000 in Box 1
From TT Deductions Education: Expenses & Scholarships: $56, 618
My Federal Tax due when using both 1099Q: $4120
My Federal Tax due when leaving daughter's off: $1799
