Education

Your answer makes no sense to me.  We paid $11,188 (box 1 of 1099-Q) from the Fidelity 529 plan directly to the university.  My questions are:

1. Where does the $2,370.23 (box 2 of 1099-Q) come from?  Is this a portion of the $11,188 that is potentially taxable?

2. Why is the university saying the payments were $9,481 (box 1 of 1098-T) when in fact we paid $11,188?

3. Are you saying that $5,857 (box 2 of 1098-T) is included in $9,481?  I don't think that is correct.  Again, why would they charge us $11,188 if that is the case?

4. The other numbers you've mentioned in your answer: $3594 and $7594... how did you calculate them? 

 

Regards.