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Education
You are not required to enter your 1099-Q in your tax return, if your qualified education expenses exceed the distribution amount.
Just save it and documentation of what you paid for your records.
Here's more info on Form 1099-Q.
However, if you received a 1098-T showing a larger amount in Box 1 (Tuition) than in Box 5 (Scholarships), you may be eligible for Education Credits, so do enter this in your return.
Here's details on How to Enter a 1098-T.
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March 31, 2024
2:43 PM