to summarize
- The expenses (net of the scholarship) are $1267. Room and Board is $14163. So in total the expenses are $15430.
- Box 1 of the 1099Q is 15430
Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution.
and you have determined that the distribution is not taxable since the expenses meet or exceed the distribtion.
So no need to input into TT as it's not required to be reported on your tax return. Suggest just documenting for your files and put away in a drawer in case the IRS ever comes knocking.
