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Education
Entering as specified (see below) on my son's return, TT is listing 100% of the 1099-Q's earnings ($8006) on Schedule 1, Line 8. The only other things entered in his return are the $885 in investment/div income.
Enter the 1099-Q, exactly as received.
Enter the 1098-T with $16,383 (14,000 + 2383) in box 1 and $14,000 in box 5. The scholarship must be shown for TT to calculate the penalty exception. Enter no other numbers (board/meals was used by you).
‎February 28, 2021
1:23 PM