seb2025
Returning Member

Education

Sorry for taking so long to reply, just getting back to this.  Bought the computer in 2023.  I spoke to my daughter about filing on her return, and she's not comfortable doing that, which is fine.  So let me make sure I understand your recommendations.  Alter 1098-T box 1 to $4000, change box 5 to $0.  Don't add the 1098-Q.  Report 6% of 1098-Q box 2 ($3961, 6% = $238), as taxable income.  Do this in Income > Other Less Common Income > Miscellaneous and Other Income, or should I handle it by entering the $238 in Income > Other >1098-Q Section 529 Plan Distributions?

 

Thanks for your help.