Are you the student or parent. - I am the parent but I'm preparing the student's tax return
Is the student the parent's dependent. - yes she is
Box 1 of the 1098-T - $56,404
box 5 of the 1098-T - $28,500
Any other scholarships not shown in box 5 - none
Does box 5 include any of the 529/ESA plan payments (it should not) - no
Is any of the Scholarship restricted; i.e. it must be used for tuition - no - scholarship was awarded by the school and applied directly to her account. she lived off campus so the only expenses on her account were tuition and fees.
Box 1 of the 1099-Q - $28,500
Box 2 of the 1099-Q $9996.46
Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)? my daughter, the student
Room & board paid. If student lives off campus, what is school's R&B charge. about 18K/year (but I took separate withdrawals from a different 529 to me in order to pay for these expenses)
Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers - none
How much taxable income does the student have, from what sources - about 20K, from several jobs
Are you trying to claim the tuition credit (Is your income less than $90K ($180K Married jointly)) - no my AGI was 102K.
Is the student an undergrad or grad student? - undergrad
