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Education
@Lotick - then without the AOTC, really might be better to just remove the 1099Qs from the tax returns....
here is what the isntructions say on the 2nd page of the 1099Q
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've determined they are non-taxable (because the qualified expenses exceed Box 10. You can sum all the 1099Q's up - it's not per family member
also if the scholarship (box 5) exceeds the expenses (Box 1) on the 1098T that difference goes on the student's tax return - not your's. that does have to be calculated for each family member,
‎April 25, 2020
8:02 AM