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College Tuition Paid by Two Different People
My father-in-law and I each paid a portion of my daughter's college tuition. My daughter is my dependent. My father-in-law and I each wrote a check to the institution and the money was pulled from each of our 529 accounts. We each received our respective 1009-Qs and my daughter received the 1098-T. As I am entering the data into Turbo Tax, do I need to account for the fact that I only paid a portion of the tuition bill and that part of it was paid by my father-in-law? If so, how and where do I account for that? How will that affect credits and deductions?
Thanks in advance.
‎April 15, 2021
9:01 AM