Hal_Al, thank you for your guidance. Would you please clarify your "better yet" suggestion?:
- I read that room & board is no longer deductible and no longer a "qualified education expense". Are you sure I can include those when assessing whether we had sufficient education expenses to cover the distribution? (Our daughter's 1098-T was $14K, the 1099-Q withdrawal only $5K, so was sufficient even without room & board, but I'd like to know whether R&B still counts as QEE.)
- If I allocate $5K of the $14K in expenses from her 1098-T to 1099-Q withdrawal that I don't report on our (her parents') return, can she claim the remaining ($14K-$5K 😃 $9K on her return to claim some sort of tuition credit (ideally a deductible?)? If so, should she enter NEITHER the 1098-T nor the 1099-Q, but simply $9K of (incremental) qualified education expenses?
