I have a couple of questions if you could answer for me.
I have a question about a 1098-T. My daughter received one for her tuition that we paid for, It has her name and social on it, but we paid the tuition. Can we claim that on our taxes? We are claiming her as a dependent. I wasn't sure since it has her social.
Next question. She has a small Coverdell ESA that we took out. It was only for 663.09. That is listed in box 1 of the 1099-Q. IT has her name as the beneficiary and my name is the custodial. It only has her social on it. So does that mean she has to claim it on her tax return? She worked a little and only made about 2,000 for 2021. If I put the 1099-T on my return she has no way of showing on her return that it went to tuition. Then she will have to pay on her return.
I know I read that you said we didn't have to report it, but I would feel better if we did. I don't want any problems with the IRS.
