- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
@taochen1
room & board is qualified education expense for 1099Q. The definition of qualified education expense for all tax credits and deductions is different. Why tax laws are so complicated.
Your daughter should be reporting the 1099Q. While you receive it, it specifies that your child was the beneficiary in box 6 I believe (sorry I can't recall which box right now) so if she was not your dependent, she must report it on her return.
You can not claim any education expenses on your return if she is not your dependent.
room & board is qualified education expense for 1099Q. The definition of qualified education expense for all tax credits and deductions is different. Why tax laws are so complicated.
Your daughter should be reporting the 1099Q. While you receive it, it specifies that your child was the beneficiary in box 6 I believe (sorry I can't recall which box right now) so if she was not your dependent, she must report it on her return.
You can not claim any education expenses on your return if she is not your dependent.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
‎June 7, 2019
3:04 PM