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Retirement tax questions
Colleen, thank you so much for alerting me to the 1098-T. In follow-up, I am a grandparent who paid for a grandchild's private elementary tuition from the account that I own on their behalf as a beneficiary. Since this is a newly expanded eligible situation, the religious school may not understand the need to supply a 1098-T. So if I fill it out manually, it looks like I'm the beneficiary and just doesn't seem to flow correctly, to offset the 1099-Q distribution from the 529 plan state sponsor. Do you have any further thoughts on how I can correctly enter information in TT in this situation? It did not seem like I could "Add a Student" - it keeps asking me if the 1098-T is for me or my wife.
ā€ˇFebruary 10, 2021
6:51 PM