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College Expenses - My Federal tax increased even though the expenses (Tuition, Room, Board) was greater than my 1099-Q
The total expenses for college (1098-T and Room/Board) was greater than the amount listed on the 1099-Q. I expected that my Federal tax would not change after this information was entered, but it did. Is there something I entered incorrectly or do I need to pay federal tax on the amount I used for Room/Board.
March 18, 2021
9:30 AM