Education

Link876 · ‎March 7, 2021

Are you the student or parent. PARENT
Is the student the parent's dependent. YES
Box 1 of the 1098-T $9261
box 5 of the 1098-T $9050
Any other scholarships not shown in box 5 $1000
Does box 5 include any of the 529/ESA plan payments (it should not) NO
Is any of the Scholarship restricted; i.e. it must be used for tuition NO
Box 1 of the 1099-Q $7703.30
Box 2 of the 1098-Q $4175.34
Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)? PARENT
Room & board paid. If student lives off campus, what is school's R&B charge $7890
Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers $518

Amount we paid for tuition from 529: $2171 (not the full $4000 for AOTC)
Amount of scholarships taxable (for room & board): $2619

Thank you for any assistance.