Want to have fun, try tying your college’s bills out to all this!
At this point I think I decided its best to assume the T and Q form as are the bible. Yes you may have additional expenses not reflected therein. Ex: Books you bought or rented on Amazon and put on your credit card. Or that check you wrote the community college when your dependent took a course away from their main institution that you also put on your credit card. Or maybe if your dependent commutes, room and board...wait lets not go back there again!!!
No I am thinking I’ll put the T and Q in. If I get the AOC great. I not quite...then we are back to where/how to enter the books, room and board etc....Errrrr. That's not my case this year.
So I think that’s the best approach, if after doing that you get audited, I guess you just grab all your paper work and receipts from your filing cabinet and send to the IRS to figure out. Once they do...MAKE SURE THEY EXPLAIN IT.
Next if you owe $$$, sue turbo tax. Better yet write a book: HOW TO ENTER 1098T, 1099Q AND RELATED EXPENSES WITHOUT JUMPING OUT A WINDOW...then hire an accountant so you need not do this ever again and finally sell the logic involved to TT.
AAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!
