Hello!Thank you for adding to this thread. It appears my best option is to claim $4000 of 529 money as Taxable.
A few questions…
- Where do I enter R&B? There is no place for it in the “Here’s Your Education Summary” section.
- Where do I indicate $4000 of 529 money to be taxable for the AOTC claim? Or has TT already figured this out?? TT tells me I am receiving AOTC claim of $2,248, not sure why it isn’t the full $2,500
- Am I able to confirm this was all entered correctly and shows my AOTC credit as well as my medical premium credit based on my 1095-A, etc
- Does claiming AOTC money affect the Child Credit of $500? This currently is showing $0 on TT. I do have her listed as a dependent, she is 23 years old and a full time student. Seems like I should be getting the full $500
Misc Comment:
- I’m not planning to enter 1099-Q information as I understand it is not needed even though I’ve been prompted a couple times as I go through steps in TT. I did answer the questions indicating that I received this form and who the student is.
