Hello,
I'm looking for help on who files the 1099-Q and 1098-T forms in TT. Me or child or a mix?
Details:
- Two (2) 1099-Qs with child as recipient
- Gross distribution total = 19,851.34
- Earnings = $2,322.34
- Basis = 17,529
In TT when entering these forms, we are taxed on the basis.
--> The entire Gross distribution was sent to the college with no left over and no dropped courses
- 1098-T with child as student
- Qualified tuition payments = 15,737.58
- Scholarships = 13,104.00
Is child required to file taxes for 1099-Q or NO because all distributions were sent to school and no leftover?
TY
