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Deductions & credits
The program vs tax forms. At the end of the day, after room and board and tuition expenses are taken, you want to claim $4k as income and $4k as college expenses. As long as the bottom line is correct, the taxes and the credits, that is the goal.
You could delete the 1099-Q from it's official location and instead input the $4k under miscellaneous income with a description of 1099-Q.
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‎February 22, 2021
3:20 PM