Correct, if all of the 1099-Q went towards qualified education expenses, including room and board, then the 1099-Q does not need to be entered. Per Publication 970, Tax Benefits for Education.
This leaves a matter of qualifying for the AOTC with the changes in eligibility and manipulating the numbers if possible. The phaseout for AOTC is:
- $80,000-$90,000 or
- $160,000- $180,000 MFJ
Please see my 529 example with IRS information here for help achieving AOTC with a 529.
@kokopeli
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
