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Education
Great info on college expenses. Got answers to all my questions except one. 1099-Q. was issued in my name and ss#. I took the funds and paid college directly. My son has 1099-MISC income totalling 2K and Scholarships worth 15k on 1099-T. Scholarships and 1099-Q withdrawals put together do not exceed total Tuition reported on 1099-T.
Now, should my son file a Tax return. No taxes were withheld for him. Who should report 1099-Q? Who should claim American Opportunity Credit?
Now, should my son file a Tax return. No taxes were withheld for him. Who should report 1099-Q? Who should claim American Opportunity Credit?
‎June 5, 2019
10:28 PM