MarilynG1
Expert Alumni

Education

No, if the entire QTP distribution was for Qualified Education Expenses (including Room and Board), the 1099-Q does not need to be entered into the return.  

 

For most qualified education program beneficiaries, the amounts reported on the 1099-Q aren’t reported on a tax return. However, if annual distributions exceed your adjusted qualified education expenses, you may need to report some of the earnings reported in box 2 as income on your tax return and pay an additional 10 percent tax on it as well. 

 

Enter the 1098-T as reported in the Education section.

 

Here's more info on Form 1099-Q.

 

@idotaxes 

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