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Retirement tax questions
You, as the parent of a dependent student, enter the 1098-T on your return. Whether you enter the 1099-Q depends on whether you are the "recipient" See above).
You enter the 1098-Q; then you enter the 1098-T. Tutbotax will automatically claim the tuition credit first. To verify this, Go through the education section again. When you get to the screen that says “Here’s your Education Summary”. Click edit next to “Education Information”. When you get to the screen titled “Amount Used to Calculate Education Deduction or Credit”, verify the amount you want to use or change it.
You enter the 1098-Q; then you enter the 1098-T. Tutbotax will automatically claim the tuition credit first. To verify this, Go through the education section again. When you get to the screen that says “Here’s your Education Summary”. Click edit next to “Education Information”. When you get to the screen titled “Amount Used to Calculate Education Deduction or Credit”, verify the amount you want to use or change it.
June 5, 2019
11:45 AM