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Deductions & credits
Thanks for the quick reply! Yes, my MAGI exceeds $180,000. My qualified expenses exceed the values in the 1099-Q's Box 1, so I guess I can remove the 1099-Q''s from my return. I'm confused about Box 1 exceeding Box 5, since Box 5 is the plan type (State plan in my case). However, the value in Box 1 exceeds the values in Boxes 2 and 3.
Since I cannot claim tuition, should I remove the 1099-T's as well, and have my children enter them on their returns? They all have to file tax returns this year.
‎February 23, 2020
8:26 AM