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Education
I think I've netted out, that not putting 1098-T on ours. Have to claim her as dependent anyway. As I said earlier, I can't qualify for the credit anyway. I removed it and it didn't change our numbers one iota.
I'll put both the 1098-T and 1099-G on hers. She is marked as dependent, and doesn't qualify for the American Opportunity credit either because checked as "someone else can claim her as a dependent". The 1098-T documents on her return what the 1099-G was covering. The 1098-T is much higher than the 1099-G anyway. Then she's not taxed on the 1099-G as unqualified (non education) expenses. Without the 1098-T on her return, the software was treating the 1099-G as unqualified reimbursement and taxing her on it.
I "believe" that this is still proper and works as neither situation is claiming the American Opportunity Tax credit anyway. ??
I'll put both the 1098-T and 1099-G on hers. She is marked as dependent, and doesn't qualify for the American Opportunity credit either because checked as "someone else can claim her as a dependent". The 1098-T documents on her return what the 1099-G was covering. The 1098-T is much higher than the 1099-G anyway. Then she's not taxed on the 1099-G as unqualified (non education) expenses. Without the 1098-T on her return, the software was treating the 1099-G as unqualified reimbursement and taxing her on it.
I "believe" that this is still proper and works as neither situation is claiming the American Opportunity Tax credit anyway. ??
‎June 6, 2019
9:56 AM