Q. i don't know if i am trying to claim the tuition credit, how could i look for that?
A. Since, the student is your dependent, you are eligible for the tuition credit if your income is less than $90K ($180K married filing jointly). On the other end, you need to have a tax liability of at least $1500 to get the full credit ($1000 of the credit is "refundable").
You need to put some effort into finding out what the school’s R&B “allowance for cost of attendance” is for student living with parents. It's usually available at the web site.
Is box 2 of the 1099-Q $3130 or $6387?
With the numbers provided, so, far, every scenario has some of the 529 distribution taxable.
