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Education
@abcdefghijk said "also I read on this thread that you can have the 1098t on both the parents and the students return to correctly enter the 1099-q if they 1098-t is on the parents return"
Yes, but not exactly. The 1099-Q can only be reported on the recipient's return* (see above for definition of recipient). The 1098-T can go on both returns, but must be adjusted for amounts used on the first return. If there are sufficient expenses, the 1099-Q does not need to be reported at all (see details above).
*In TurboTax (TT), you can enter the 1099-Q on the parents return, even when the student is the recipient. TT will then inform you you need to need to enter on the student's return.
‎February 2, 2022
8:20 AM