nardozzi
Returning Member

529 & GI Bill

Scholarships and the Post 9/11 GI Bill covered 100% of my daughter's school costs in Fall 2020.  I have a 529 with her as the beneficiary, and made a distribution directly to her account for an amount less than her total costs.  I understand that the earnings (Box 2 of the 1099-Q) from that distribution are taxable. 

 

My question is where do I reflect the Post 9/11 GI Bill payments on the return (for the purposes of determining how much of the 1099-Q earnings are taxed)?  Will the 1099-T from the school show the amount?