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Education
@ageorge7689 Well, you reported yours already and I don't know what you reported but this is what I would do for the returns.
1099-Q - all towards room and board, not reported on any return since clearly less than actual room and board. Unless living at home, then probably pretty close. If reported, it should have nothing taxed.
1098-T -Box 1 bigger than box 5 which means AOTC credit on parents return, if income qualifies. Nothing taxable to student.
Student has nothing to report or pay taxes on.
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May 6, 2021
4:37 PM
3,303 Views