KrisD15
Expert Alumni

Education

If the student is your dependent, enter the 1099-Q and 1098-T into YOUR TurboTax program so that the program can do the math. 

If it generates a credit, you'll get the credit. 

If it generates taxable (potentially) income, the student needs to claim the income. 

(in which case your program will tell you how much the student needs to claim) 

 

Be sure to enter the information of your dependent first, then the 1099-Q and lastly the 1098-T. 

Go through the education interview until you get to "Maximize My Tax Break".

 

Be aware that TurboTax may suggest the student claim income from the 1099-Q if it frees up expenses for the credit. 

 

You can type   letme   into the search to view the credits available and change the selection.

You can also go though the education interview to see what the program is allocating to the credit and change the allocation if you wish. 

 

@MSU-Fan1

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"