Hi,
My daughter is first year in college. A dependent on my tax return.
Her 1099-Q shows $46k but the 1098-T shows $23k. This is because the 1099-Q is showing the distribution for the first semester (2020) and the second (payment that I made in late December but is for 2021 tuition).
So, the 2020 tuition does not cover the dirtstribution and shows a big tax due.
Any ideas? Thx!
