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Deductions & credits
The payments made directly to the school by the 529 plan (showing on the 1098-T) were more than what is on #1 of the 1099-Q. So he had about $200 more in education expenses than what we withdrew. yet on the 1099-Q the earnings portion which is several thousand dollars shows up on his return as other earned income?
So should he report the education expenses? and enter the 1099-Q? I'm kinda confused at this point between qualifying for the education credit or not. Not sure which way to go so he doesn't inadvertently pay taxes when he shouldn't.
March 11, 2023
4:51 PM