- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
You do qualify for the tuition credit. You don't need any further research by the school about the scholarships.
$6353.50 - 1740 = $4613.5 which is more than the $4000 needed to claim the maximum AOC credit. A $600 error won't change that.
The fact that box 2 of the 1099-Q is 0, means you do not need to report the distribution from the Coverdell. You have 0 earnings, so nothing is taxable. Essentially the distribution did not get used for education, so you can apply all the expenses to the credit
‎February 4, 2021
6:38 AM