AmyC
Expert Alumni

After you file

yes. The IRS is running about 4 years behind right now. By the time they add 4 years of penalties and interest, it would be overwhelming.

You do not need to claim the interest since it was below the $10 threshold.

A 1099-Q is only reported if it was not used on qualified expenses for room and board, along with tuition. If it was used on qualified expenses, no need to include it.

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