Q. Should I report the 1099-Q tuition payment withdrawal on the child/students tax return along with the 1098-T instead?
A. No. Since the money went to you and the 1099-Q is in your name (you are the recipient), it cannot be entered on her return. It goes on your return or goes nowhere.
Provide the following info for more specific help:
- Box 1 of the 1098-T
- box 5 of the 1098-T
- Any other scholarships not shown in box 5
- Does box 5 include any of the 529/ESA plan payments (it should not)
- Is any of the Scholarship restricted; i.e. it must be used for tuition
- Box 1 of the 1099-Q
- Box 2 of the 1099-Q
- 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
- Is the student an undergrad or grad student? If a grad student, did she complete her BS/BA before Jan 1, 2024. Has the American Opportunity Credit already been claimed 4 times before on her education (by her or you).
- Is the student a degree candidate attending school half time or more?
