DawnC
Expert Alumni

Education

You have to enter the qualified education expenses after you enter the 1099-Q by entering the associated 1098-T, but only if the distribution is taxable. 

 

However, if you know the distribution was used on qualified education expenses, you do not have to enter the 1099-Qs, you can keep them with your tax records.   But that means you can't take education credits for amounts paid for with 529 funds.   You can delete those entries if none of the distributions are taxable.  

 

If the distribution doesn’t exceed the amount of the student's qualifying expenses, then you don't have to report any of the distribution as income on your tax return. If the distribution exceeds these expenses, then you must report the earnings on the excess as "other income" on your tax return. When you pay a student’s school expenses with these funds, you cannot claim a tuition deduction or either of the educational tax credits for the same expense.   Guide to 1099-Q

 

How to delete forms in TurboTax Online

 

How to delete forms in TurboTax Desktop

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