No, if the distribution was used for education expenses, such as Tuition, Fees, Books and Supplies, AS WELL AS ROOM AND BOARD, the 1099-Q needn't be entered, however those SAME expenses cannot be used towards an education credit.
If the distribution was used for Room and Board, and room and board was as much or more than the distribution, they would cancel each other out and the 1099-Q (as well as the room and board) would not be entered at all.
You also have the option of moving numbers around (within reason) to get a credit.
IRS Pub 970 explains more
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
