MarilynG1
Expert Alumni

Education

@yw2 When entering your 1098-T, under the entry for Tuition, you can indicate 'this is not what I paid to the school' and enter the amount you actually paid, since your parents did not get an Education Credit for you in 2019 using that amount. 

 

The IRS is aware that 1098-T's are not always correct, and this issue of crossover of payments exists. Keep records of what you paid for 2020 tuition.

 

Click this link for instructions on How to Enter a 1098-T

 

Your 529 distribution is not taxable if all funds were used for Education Expenses (including Room and Board).  If this is the case, you don't need to enter your 1099-Q into your return at all.  Just keep it for your records. 

 

Click this link for more info on Form 1099-Q.

 

 

 

 

 

 

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