It depends. Your daughter may qualify for the Lifetime Learning Credit if it is not for the same expenses that the CHET account was used for. For example, If the CHET withdrawal was $5,000 and the tuition plus qualified educational expenses are $10,000, she can claim a $1,000 lifetime learning credit on $5,000 of expenses, and the qualified expenses on your CHET account will be reduced by $5,000.
Please see the TurboTax articles Guide to Tax Form 1098-T: Tuition Statement and What Are Education Tax Credits? for additional information. You can also take a look at the TurboTax article Guide to IRS Form 1099-Q: Payments from Qualified Education Programs for further details.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
