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Education
I actually did try entering the 1099Q on my return. Not sure if it counted it as income or added a penalty...but the AOTC amount dropped to $334 instead of $2500. I didn't dig in to that too deep but it could have pushed me into the phase out range.
I'm pretty sure the 1099Q goes on the students form (it has her SS# on it)...at least that is what most folks have said...along with "just don't enter it all"...and "just provide info later if asked".
Thank you for your reply @KrisD15
Can anyone verify the bug I described in TurboTax? Is there a place to report such things?
March 15, 2020
4:43 PM