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Education
If the college kids do not supply half their own support, someone should be claiming them as dependents.
With that said, since the 1099-Q's are in several names, the TurboTax program will have a hard time doing the math correctly.
Yes, you can simply not enter the 1099-Q if you can do the math outside of the TurboTax program. That would involve subtracting the amount of the distributions from the amount in Box 1 on the 1098-T if the distributions were used for tuition.
If all the distributions were used for Room and Board, just keep receipts for the room and board with the 1099-Q and there would be no need to alter the 1098-T.
IRS Pub 970 covers more in detail.
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March 21, 2022
5:05 AM