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Education
@sgiitb85 Earlier you asked "I have seen on this forum that if I know that the expenses are greater than the distribution then just delete these forms and not report it. Can I do that?"
The answer was and still is yes. The interview is complicated and it's easy to make mistakes. Furthermore the program has flaws and you need to know what you're doing Just delete the 1099-Q and the 1098-T.
The 1098-T and 1099-Q are only informational documents. The numbers on it are not required to be entered onto your tax return.
May 2, 2021
3:57 PM