So last year I used TT and with the help of this forum was pretty confident I filed correctly in terms of entering education data for my daughter, 1098T, 1099Q and the Amer Opportunit Credit.
I purchased TT again but have NOT opened or installed it. I fear I may have to return it and get an accountant.
Something bad happened. My daughter's tuition for SP21, was due Dec 18,2020. Well I had covid and never thought of he bill. Further we got no bill in the mail. My daughter claims she was emailed nothing either. We got a friendly reminder from the school and I immediately got my daughter to go on line a print out a copy of the bill. I had her 529 release funds immediately. BUT......the check was cut 1/7/2021 I believe. The school gave us no grief and I thought nothing of it until now.
My 1099-Q appears to be missing the sp21 gross distribution...I guess since it was made in 2021 not 2020 like it should have been. I assume the 1098-T box 1 payments received are short as well.
MY HEAD IS SPINNING!!
I have no idea the implication of this on any American Opp Credits / refunds this year or next or what the heck will come of this. Has this happened to anyone? Were you still able to use TT? What did you do? I am freaking out...this stuff was hard to follow to begin with...now it seems I will have issues both this year and next..her last year.
Calm me down, tell me it will work out...and how!
Thanks TT users!!!!!
