I have used TT for more than 20 years and never have I run into anything as confusing as this. Been working this for a month without ever being sure of where I am. Here's the data.
I am grandparent 529 owner.
student beneficiary is dependent of parent.
1098T Box 1 $28180, my records show $23184
1099T Box 5 $13600
no other scholarships
Box 5 does not include 529 payments
no scholarship restriction
1099Q Box 1 $24717
1099Q Box 2 $17015
Student name on 1099Q
Room & Board $10356
Other QE $67 books
Other taxable income $7385 W2
Parent claiming $2500 AOTC credit for $4000 of QE
freshman
529 has unreturned $265 overwithdrawal
Help!
