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1099-Q includes qualified withdrawal and QTP to Roth IRA. How to match this with 1098-T & not trigger taxes
1098-T was issued by university for $13000
1099-Q was issued by 529 manager for $20000 - this includes qualified withdrawal ($13000) and QTP to Roth IRA for $7000
1099-Q does not have QTP to Roth IRA box 4b checked. The 1099-Q issuer will issue only one 1099-Q.
When I enter 1098-T and 1099-Q in turbotax, it immediately reports taxable withdrawal for the rolled over amount and offers American Opportunity Credit which is incorrect as the fees/room/board expenses were paid with 529 money.
Any suggestions on addressing this? The only way I can see is to neither report with 1099-Q nor 1098-T but that doesn't seem right. I am using Turbotax Deluxe.
‎February 13, 2026
3:08 PM