- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
Parent
Yes, student is my daughter/dependent
Box 1 1098T $9449.000
Box 5 empty
No scholarships
Box 5 empty
No scholarships
Box 1 1099Q $16078 (exact amount of tuition, room, board bill from college bursar)
Box 2 $5,129.56
My daughter rec'd the 1099Q (I had 529 check cut direct to her)
On campus, room and board charges were rolled into one total bill from bursar
she spent about $200 on books but I'm not worried about that as I'm not sure how easy to find receipts, etc. she bought a computer during the summer but it was not required, again finding receipts, etc.
Only taxable income is $653.33 on W2 from summer job
I want to claim all possible tuition credits without messing up my daughter's tax situation. My wife and my combined annual income is less than $130k.
she is undergrad (freshman)
If i can't claim these credits this go, I'd like to understand how to do it in 2022.
Thx!