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Education
You are "allowed" to do that, the distribution may also be applied to Room and Board which would make it non-taxable and also free-up expenses for the credit.
Enter the 1099-Q and 1098-T into the TurboTax program and select that the program "Maximize my Credit"
If you are a dependent student, the taxpayer that claims you gets the credit.
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‎February 26, 2024
7:51 PM