I have a 1099-Q that is totally covered by tuition costs. TT is asking me to enter the information on my daughters tax form. If I enter the information, There will be no offsetting "tuition paid" information because as the parent I entered the 1098-T information in my taxes so we could get the American Opportunity credit. I am afraid they will tax the distribution from the 529, without the offsetting 1098- T information. Can I legally NOT ENTER the 1099- Q information? My thinking is if it is not in there they won't try to tax it. But I am nervous about leaving it out because if it gets reported to the IRS, ( The disclaimer/warning on the bottom of the form) and I don't report it, is the IRS going to ask a lot of questions? THANKS FOR ANY HELP.
