Hal_Al
Level 15

Education

Q1.Since the 1099Q came in my husbands name I'm pretty sure I'm supposed to enter this on our taxes and the 1098T on his taxes...is that correct?

A1. Yes, if it needed to be entered.  It doesn't, See Q2.

 

Q2. His Rent/utilities/books/groceries/food (12K) for the year are definitely more than the 529money we took  out (8K) so that shouldn't be an issue so do I even need to enter the 1099-Q on our taxes?

A2.  No. Since the 1099-Q is fully covered by expenses, it does need to be entered at (see above).

 

Q3. Not relevant.

 

Q4. Since the Army sent the school his Spring 22 tuition in December, before the school actually posted their tuition...1098 box 5 is greater than box 1. Do I just select YES  to "amounts not awarded for 2021 expenses"..

A4.  Yes.  That allows him to make that adjustment on his return.   You don't enter any of that on your return.