Hal_Al
I reviewed your answer more closely, and I also realized I made an error when I gave you information. I hope you are still around and give me a hand with this entering in TurboTax. The error was that the $46,763 I referred to from the 1098-T my dependent son received INCLUDED the ~$12,000 Room and Board already. All the other numbers stay the same.
However, following your very clear math, and following the same steps, I come up with the following:
QEE= $46,763+$1889=$48,652
Adjusted QEE = $48,652-$22,000= $26,652
Total 529 distributions = $46,993
shortfall in QEE = $46,993-26,652= $20,341 (much higher number now)
In your original answer, you suggested that I take the "shortfall in QEE" number (now $20,341) and enter it on the student's return, entering a 1098-T with box 1 blank and $20,341 in box 5. Then I make sure $20,341 shows up on line 8r of Schedule 1 on my son's return. I understand not to enter the one 1098-T and the 3 1099-Qs on either my nor my son's return.
Is this still the way this should be handled, with my now higher (and hopefully correctly calculated) shortfall in QEE?
Thanks so much for your time.
@Hal_Al
