Hal_Al
Level 15

Education

As I recall from the brief look I got at your post, the only change from the above information was that you took three 529 distributions, two to you and one with the student as recipient.  I think you also identified that some R&B was covered by one of the distributions. 

 

But, basically, there's too much unnecessary detail. You're looking for  generic "how to" answer, for a complex situation. Although TT can theoretically handle all that, it's best to use a work around based on your actual numbers. 

 

Provide the following info for more specific help (I know you provided it already, but I need it in one place):

  • Are you the student or parent.
  • Is the  student  the parent's dependent.
  • Box 1 of the 1098-T
  • box 5 of the 1098-T
  • Is any of the Scholarship restricted; i.e. it must be used for tuition
  • Box 1 of the student's1099-Q
  • Box 2 of the student's 1099-Q
  • Box 1 totals of your two1099-Qs
  • Box 2 totals of your two1099-Qs
  • Room & board paid. If student lives off campus, what is school's R&B on campus charge. If he lives at home, the school’s R&B “allowance for cost of attendance” for student living with parents.
  • Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers
  • How much taxable income does the student have, from what sources
  • Are you trying to claim the tuition credit (are you eligible)?
  • Is the student an undergrad or grad student?
  • Is the student a degree candidate attending school half time or more?