1098-T Box 1 62,404 Box 5 40,500
1099-Q Box 1 21,984 Box 2 5,777 Box 3 16,207 Recipient: daughter This would be for tuition & fees, $ for $, sent directly to her college
1099-Q Box 1 5,298 Box 2 1,407 Box 3 3,890 Recipient: me I used 529 $ to reimburse myself for her off-campus r&b and it's well under COA level of her school. Have every receipt, etc.
Confused as to how to enter 2 1099s and whether I even have to or not, since every dime was used for her allowable expenses, but somehow feel like I'm cheating if I don't report. She really has no other income, not sure if she needs to file or not. She's 20 and my dependent.
I've been so proud of myself as single mom for saving in 529 since her infancy to pay for school, then at tax time, when I enter info, TurboTax somehow taxes me (and vexes me) by making it seem like $$ is working *against* me. Thanks for any insights!
