Susan - the breakdown of expenses are:
- $12,000 for tuition and required fees
- $6,000 for room and board
- $1,500 for required laptop
- $500 for books and supplies
NCPerson: I haven't received the 1099-T yet but expect the answer to that question (and what I'm tentatively entering until I receive it later this month) is $12,000 in box 1 and $0 in box 5 (no scholarships/grants).
I am aware of how the account owner, beneficiary and recipient rules work so am following that.
What I have found since posting this question is that the TTax interview seems to allow/expect me to enter all of the various 1099-Qs as it asks me who the recipient is and allows me to enter my child as the recipient on 3 of the 4 1099-Qs I'm expecting. I'm not sure how to square that - entering all 1099 Q's during the interview, noting that 3 of 4 have my child as recipient, vs. the instruction that my child must file a separate return for the expenses and 1099 Q's even though my child is a dependent and has no other income.
Thanks and let me know if other clarifications are needed.
