As explained above, you have to coordinate the allocation of expenses with the parent. The parent should only need to use $4000 of tuition to claim the AOC. The rest of the expenses are available to you to use against the 1099-Q.
After deducting $4000, if there is still enough expense left to cover the 1099-Q, you can skip entering it all.
Provide the following info for more specific help:
- Box 1 of the 1098-T
- box 5 of the 1098-T
- Does box 5 include any of the 529 plan payments (it should not)
- Box 1 of the 1099-Q
- Box 2 of the 1098-Q
- Room & board paid. If student lives off campus, what is school's R&B charge. If student lives at home what is schools meal plan charge
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers, internet service
