In the TurboTax program, if you enter Form 1099-Q FIRST, and then enter Form 1098-T, the program will ask about additional expenses on screens that follow the 1098-T entry screen. If you entered Form 1099-Q, the option to enter expenses for Room and Board is available.
(The reason is that unless Form 1099-Q needs to be offset, Room and Board does not matter)
1. Because the 1098-T is not reporting what you paid in 2024 since the school did not post that payment until 2025, enter the 1098-T and select the link below Box 1 "What if this is not what I paid?" and enter the full amount, including what you paid but the school did not post. (Be aware that you may need to adjust the other way next year)
Keep the school statement, 1098-T and 1099-Q with your tax file.
2. Yes, if the 1099-Q is in the system, the program will allow you to enter expenses for room and board. It will come up after entering 1098-T as additional expenses.
Please go through the entire Education Interview.
At the end, there is an option to "Maximize my tax break"
If you select this, the program may suggest the student claim income if doing so results in you getting an education credit since education credits are usually more than the tax for the student.
If you don't want what the program suggests, type letme in the search-box and click the "jump to" link where you can change the selection.
Pub 970 explains more
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