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Retirement tax questions
You can deduct room and board from the income reported on form 1099-Q.
The best way to do this in TurboTax is to enter the 1099-Q form first. Then, enter your form 1098-T form and you will see an option in that section to enter your room and board expenses and they will be used to reduce your education plan income.
If you enter the form 1098-T first, you may not see the option to enter you room and board expenses.
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‎February 11, 2021
5:36 PM