- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
‎April 12, 2025
9:17 AM