I took distributions on my daughter's QTP this year to pay her college tuition. The money was sent directly to my bank as it was much faster than delivery to the school would have been. So the 1099-Q's (2 states) show me as recipient. I have entered those but when I try to enter the 1098T it says my income is too high for the Education credit but to continue anyway so I won't be taxed on the QTP distributions. However, when I proceed to the next page it tells me again that I can't claim a deduction and there are no qualified education expenses.
Box 1 on the 1098T is $38,628 and I paid $16,900 from the QTPs and my savings directly to the school.
Every year TT messes this part up so much. I am about ready to ditch it and see a tax preparer in person.
