My daughter started college in Fall 2021. She got a $5000 scholarship to cover her tuition.
Form 1098-T has
Box 1=$11,500 (this seems to include tuition, room, board, meal plan and other fees the school collects)
Box 5 = $5000
The remaining $6,500 was paid by a check sent directly from my 529 to her college. The 1099-Q for this has her name on it. (Her 1099-Q actually has $13,000 because the 529 plan mailed the Spring check in late December, but the school didn't receive/apply it to her account until January. Based on other replies, I conclude that as long as I have the records, I should be good and I will try to time it better next year.)
Other expenses for books, computer, lab supplies, etc = $2000. These were initially paid by credit card and reimbursed from the 529 plan to me (the parent). The 1099-Q for this amount has my name on it.
Our income (my husband and I) is too high for the education credits.
Since we can't get any education credit, the scholarship was fully used for education expenses, and the 529 disbursements were fully used for educational expenses, do I need to enter any of this into Turbo Tax, since none of it should be taxable?
I believe that I don't need to enter the 1099-Q information based on other posts, but wasn't sure if the 1098-T must be entered.
