Both T and Q went to my daughter because 529 check went to her and both canceled out to the dollar. So I was thinking I would report none of it. According to all replies, it seems I should report 1098-T on my tax return (box 1 greater than box 5....my daughter is under income thresholds so doesn't need to file). This seems odd but I did it anyway and it made me eligible for the AOTC. I read that I can't double dip on the 529 exemption and the AOTC but the only way my taxes would know about the 529 withdrawal is by reporting the Q on my tax return which all replies say I should NOT do?! How do I avoid the double dip? I would either have to NOT report the T or do report the Q. Going a little crazy here. Thank you! (P.S. had I known about this, I would not have cut the 529 withdrawal for the full amount of school expenses so I COULD have claimed the AOTC. Can I do this next year?)
