topic Re: Room &amp; Board Expenses -- where to enter in Education https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320383#M30203 <P>Desktop premier version. In 2018 1098T form, it was included but looks like school excluded that amount from 2019 1098T. Is it changed from this year. I compared my last year turbo tax (desktop premier) and it is included ( just because it was part of 1098T). What's the option now?&nbsp;Housing Payment in 2019 (Paid from 529 plan) 15430.67 (Box1 1099Q) shows in school payment website. Please suggest.</P> Sun, 15 Mar 2020 20:02:32 GMT SK250 2020-03-15T20:02:32Z Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/room-board-expenses-where-to-enter/01/1118530#M26475 <P><STRONG>Where in TurboTax do I enter the total I paid in 2019 for college room &amp; board for my Daughter #1, if I don’t have a 1098-T for her?&nbsp;</STRONG> I’ve queried this question and seen answers that say you don’t enter room &amp; board payments in TurboTax, but I am seeing otherwise.&nbsp; My Daughter #2 in college received a 1098-T for 2019, and when I entered that info into TurboTax, it also allowed me to enter what I paid for both room &amp; board and books.</P><P>&nbsp;</P><P>However, not the case for Daughter #1.&nbsp; She&nbsp;attended her final college semester in Spring 2019 and then graduated.&nbsp; In 2019, I withdrew funds from her 529 account to pay for room &amp; board and her books.&nbsp; I did <U>not</U> receive a 1098-T for 2019 from her college, because I paid her tuition and fees for her final semester in December of 201<U>8</U>.&nbsp; In the 1098-T section of TurboTax, I entered NO to the question "Did you receive a 1098-T?"&nbsp; The screen that came up next then gave me a place to enter what I paid for her books, but not the room &amp; board.&nbsp;&nbsp;</P><P>&nbsp;</P><P>In an earlier section of TurboTax, I entered the 1099-Q info for both daughters' 529 accounts, showing the total amount of funds for qualified education expenses that I withdrew in 2019.&nbsp; <STRONG>If I cannot enter anywhere in TurboTax the amount I paid for room &amp; board for Daughter #1, won’t TurboTax think I withdrew more money from her 529 than I used to pay for qualified education expenses, and then charge me taxes and a 10% penalty on the earnings portion of the money I withdrew to pay her room &amp; board?&nbsp;</STRONG></P><P>&nbsp;</P> Sun, 09 Feb 2020 15:50:18 GMT https://ttlc.intuit.com/community/college-education/discussion/room-board-expenses-where-to-enter/01/1118530#M26475 fengle 2020-02-09T15:50:18Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118588#M26476 <P>When a 1099-Q is involved, it is *imperative* that you work through the education section the way it is designed and intended to be used. If you do not, then chances are "extremely" high that you will not be asked for room and board expenses, meaning that any 1099-Q funds not used for the qualified expenses of tuition, books and lab fees *will* be taxed.</P> <P>I would suggest you completely delete everything (both students) in the education section and then start that section over from scratch. At this point, jumping around trying to fix things will have the high probability of creating an entirely new problem with the 1098-T. (I am assuming TTX has not yet fixed that bug, since as far as I know we've not yet been able to identify the exact cause.)</P> Sun, 09 Feb 2020 16:04:30 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118588#M26476 Carl 2020-02-09T16:04:30Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118702#M26477 <P>Carl - Thanks for your input.&nbsp; <SPAN>What exactly is the "bug" you referred to?</SPAN></P><P>&nbsp;</P><P>I can do what you recommend, but I am pretty sure I filled it out correctly the first time.&nbsp; And which is the part you refer to as the "education section?"&nbsp; Under Deductions &amp; Credits, there's a section titled "<SPAN>ESA and 529 qualified tuition programs (Form 1099-Q)" and a section titled "Expenses and Scholarships (Form 1098-T)."&nbsp; Are you saying redo both of those?</SPAN></P><P>&nbsp;</P><P><SPAN>I am kicking myself now for paying her 2019 spring tuition in late 2018.&nbsp; If I had paid it in 2019, I would have a 1098-T and this would all be moot.&nbsp; TurboTax completely shuts me down when I answer that I have no 1098-T for her.&nbsp;</SPAN></P> Sun, 09 Feb 2020 16:25:08 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118702#M26477 fengle 2020-02-09T16:25:08Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118718#M26478 <P>yes, you do enter the room and board when it's asked, but the issue is TT uses that information to determine if the earnings on the 1099-Q are taxable or not.</P><P>&nbsp;</P><P>it is NOT an acceptable expense related to the 1098-T.&nbsp;</P><P>&nbsp;</P><P>on the 1099Q, whose name is on the form, THAT's whose tax return the form goes on (it'll be you if you received the money from the administrator, it will be your child, if the administrator was directed to send the money directly to the college or your child)</P> Sun, 09 Feb 2020 16:28:05 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118718#M26478 NCperson 2020-02-09T16:28:05Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118761#M26479 <P>Thanks for your response.&nbsp; I am the owner/recipient of the 529 plans for both my daughters; my daughters are the beneficiaries.&nbsp; So it definitely gets addressed on my taxes.&nbsp;&nbsp;</P><P>&nbsp;</P><P>I am aware that room &amp; board isn't listed on the 1098-T form.&nbsp; But the TurboTax 1098-T section was the only place that, once I entered the data from the 1098-T, then also asked what I paid for room &amp; board.&nbsp; But it only asked for the daughter for whom I have a 1098-T.&nbsp; It didn't ask for the other daughter.&nbsp; When I answered NO to question "do you have a 1098-T for her" it brought up a screen that asked if I was an exception and her school didn't need to issue her a 1098-T.&nbsp; I answered YES to that, thinking that would bring me to a screen where it would ask about room &amp; board, like it did for my other daughter.&nbsp; But it did not ever ask that.&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Sun, 09 Feb 2020 16:34:08 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118761#M26479 fengle 2020-02-09T16:34:08Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1208593#M28229 <P>I have a related problem concerning my dependent son's college expenses. After entering the 1099Q distributions, 1098T expenses, and all other qualifying expenses for a 529b, my federal return correctly determined no tax liability from the 529b distribution. However, the Alabama state return appears to treat the 529b distribution as income. Is this a bug in the AL state software?</P> Sat, 22 Feb 2020 17:23:20 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1208593#M28229 Degrant46 2020-02-22T17:23:20Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1239862#M28715 <P>There shouldn't be. You might have a Tax support phone specialist to look at a diagnostic copy at your return to see why this is occurring otherwise it is hard to speculate what may have happened.</P> Thu, 27 Feb 2020 01:24:03 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1239862#M28715 DaveF1006 2020-02-27T01:24:03Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1303146#M29858 <P>I am following the EZStep process on turbotax premier to fill in my student daughters tax forms, and have entered the 1099-Q first and then the 1098-T. &nbsp;Even though I was asked to fill out the room and board info, it is still treating the 529 distribution portion used for the room and board as taxable (even though the 529 distribution was less than the 1098-T Payments minus the scholarships plus the room and board amount). &nbsp;I did try to delete both the 1098-T and the 1099-Q and walked through it again. &nbsp;Is there a fix for this bug, or another way to fix it?</P> Wed, 11 Mar 2020 03:20:46 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1303146#M29858 billko 2020-03-11T03:20:46Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1303642#M29865 <P>there is no requirement to input the 1099Q; rather you just need to confirm that the qualified expenses exceed Box 1.&nbsp; From what you are stating, you have done that.&nbsp; Just file away the documentation should you ever be asked by the IRS.&nbsp;</P><P>&nbsp;</P><P>look at the instructons that came with the 1099Q</P><P>&nbsp;</P><P>"Taxable distributions from CESAs and QTPs are <FONT color="#FF0000"><STRONG>not</STRONG> </FONT>required to be reported on your income tax return. You must determine the taxability of any distribution."</P><P>&nbsp;</P><P>and you have done that.&nbsp; Suggest deleting the 1099Q (but not the 1098T!) from your taxes and move on....</P><P>&nbsp;</P> Wed, 11 Mar 2020 11:52:24 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1303642#M29865 NCperson 2020-03-11T11:52:24Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319189#M30168 <P>I’m having the same issue. 10% tax is being added on the 529 earning even though it is paid to university from my 529 plan for room/board. I compared last year turbo tax and it was not calculating the same way. By the way my 529 plan distributed for &nbsp;room and boarding. The earning in box 2 shows taxable. If the beneficiary is my daughter &nbsp;but I own the 529 plan should I enter 1099q in My return. Last year I had done that way but I think if student is filing tax then he/she should enter that . Please confirm.</P> Sun, 15 Mar 2020 16:08:40 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319189#M30168 SK250 2020-03-15T16:08:40Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319247#M30170 <P>As previous comments have said, if your 529 distribution is fully covered by expenses, including room and board, just don't enter the 1099-Q in TurboTax.&nbsp; It's too complicated.</P> <P>&nbsp;</P> <P>That said,&nbsp; to get the screen to enter Room &amp; Board,&nbsp; answer yes when asked if you have book expenses., in the education expenses interview</P> Sun, 15 Mar 2020 16:30:00 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319247#M30170 Hal_Al 2020-03-15T16:30:00Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319265#M30172 <P>Thanks. It was not an issue last year. I’m comparing side by side. Is it a Turbo tax software &nbsp;issue?&nbsp;</P> Sun, 15 Mar 2020 16:29:06 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319265#M30172 SK250 2020-03-15T16:29:06Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319266#M30173 <P><SPAN>For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dependent). </SPAN>The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to. When the money goes directly from the<SPAN>&nbsp;</SPAN>Qualified Tuition Plan&nbsp;(QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q.&nbsp;<BR /><SPAN><STRONG>The 1099-Q gets reported on the recipient's return.**</STRONG> The recipient's name &amp; SS# will be on the 1099-Q.</SPAN><BR /><SPAN>Even though the 1099-Q is going on the student's return, the 1098-T should go on the parent's return, so you can claim the education credit. You can do this because he is your dependent.</SPAN></P> <P>&nbsp;</P> <P>**Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room &amp; board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip!&nbsp; When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry.</P> <P>&nbsp;</P> <P>Read on for more about 529 plan distributions.</P> <P>__________________________________________________________________</P> <P><U>Qualified Tuition Plans&nbsp; (QTP 529 Plans)</U></P> <P><SPAN>It’s complicated.</SPAN></P> <P><SPAN>For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dependent). </SPAN>The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to. When the money goes directly from the<SPAN>&nbsp;</SPAN>Qualified Tuition Plan&nbsp;(QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q.&nbsp;<BR /><SPAN>The 1099-Q gets reported on the recipient's return.<STRONG>**</STRONG> The recipient's name &amp; SS# will be on the 1099-Q.</SPAN><BR /><SPAN>Even though the 1099-Q is going on the student's return, the 1098-T should go on the parent's return, so you can claim the education credit. You can do this because he is your dependent.</SPAN></P> <P><SPAN>You can and should claim the tuition credit before claiming the 529 plan earnings exclusion. The educational expenses he claims for the 1099-Q should be reduced by the amount of educational expenses you claim for the credit.</SPAN><BR /><SPAN>But be aware, you can not double dip. You cannot count the same tuition money, for the tuition credit,&nbsp; that gets him an exclusion from the taxability of the earnings (interest) on the 529 plan. Since the credit is more generous; use as much of the tuition as is needed for the credit and the rest for the interest exclusion. Another special rule allows you to claim the tuition credit even though it was "his" money that paid the tuition.</SPAN><BR /><SPAN>In addition, there is another rule that says the 10% penalty is waived if he was unable to cover the 529 plan withdrawal with educational expenses either because he got scholarships or the expenses were used (by him or the parents) to claim the credits. He'll have to pay tax on the earnings, at his lower tax rate (subject to the “kiddie tax”), but not the penalty.</SPAN></P> <P><SPAN>&nbsp;</SPAN></P> <P><EM>Total qualified expenses (including room &amp; board) less amounts paid by scholarship less amounts used to claim the Tuition credit equals the amount you can use to claim the earnings exclusion on the 1099-Q.&nbsp;<BR />Example:<BR />&nbsp; $10,000 in educational expenses(including room &amp; board)</EM></P> <P><EM>&nbsp;&nbsp; -$3000 paid by tax free scholarship***</EM></P> <P><EM><U>&nbsp;&nbsp; -$4000</U></EM><EM> used to claim the American Opportunity credit</EM></P> <P><EM>&nbsp;=$3000 Can be used against the 1099-Q (usually on the student’s return)</EM></P> <P><EM>&nbsp;</EM></P> <P><EM>Box</EM><EM> 1</EM><EM> of the 1099-Q is $5000</EM></P> <P><EM>Box</EM><EM> 2</EM><EM> is $600</EM></P> <P><EM>3000/5000=60% of the earnings are tax free</EM></P> <P><EM>60%x600= $360</EM></P> <P><EM>You have $240 of taxable income (600-360) </EM></P> <P><EM>&nbsp;</EM></P> <P>**Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room &amp; board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip!&nbsp; When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry.</P> <P>On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;***Another alternative is have the student report some of his scholarship as taxable income, to free up some expenses for the 1099-Q and/or tuition credit.</P> <P>&nbsp;</P> Sun, 15 Mar 2020 16:29:13 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319266#M30173 Hal_Al 2020-03-15T16:29:13Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319455#M30178 <P>Thanks for the detail answer. I need to clarify one point from your answer</P><P><SPAN>“”””</SPAN></P><P><SPAN>You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip!&nbsp; When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms.</SPAN></P><P>“””“”</P><P>in my case tuitions are fully paid and paying <STRONG>room &amp; boarding</STRONG> to school from 529 plan. I hope It is a qualified distribution.&nbsp;<BR /><SPAN>&gt;&gt;When the box 1 amount on form 1099-Q is fully covered by expenses.</SPAN></P><P>&nbsp;</P><P>Box1 Amt is fully paid to school for room/boarding/admin fees. Not sure why TurboTax is calculating tax on earning. It is not calculating correctly. As you said, I will delete the 1099Q from my daughters return. I’ll Keep 1099T in my return only.&nbsp;<BR /><BR /></P><P>another question? Last year I had included 1099Q in my return ( fully qualified) instead of adding that to my daughter’s return. Will that cause any issue? Actually, TurboTax allows to enter 1099Q for dependents (beneficiary) in parents return.&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Sun, 15 Mar 2020 17:13:49 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319455#M30178 SK250 2020-03-15T17:13:49Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319539#M30180 <P>Yes, room and board are qualified expenses for the 1099-Q, even though R&amp;B are not on the 1098-T.</P> <P>&nbsp;</P> <P>It will not cause an issue&nbsp; if&nbsp;<SPAN>the&nbsp; 1099Q was on your return , instead&nbsp;of your&nbsp; daughter’s return, because it was fully qualified.</SPAN></P> <P>&nbsp;</P> <P>&nbsp;</P> Sun, 15 Mar 2020 17:32:17 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319539#M30180 Hal_Al 2020-03-15T17:32:17Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320079#M30193 <P>it is confusing</P><P>&nbsp;</P><UL><LI>1099Q goes on the return of the social security number that is on the form.&nbsp; If the administrator sent the parent the money, then the parent's social will be on the form.&nbsp; &nbsp;If the administrator sent the money directly to the school (or the student), the student's social will be on the form</LI><LI>the 1098T goes on the parents return, assuming the parent CAN claim the student (whether they do or not is not the question) AND Box 1 and any related expenses EXCEED Box 5.&nbsp; Otherwise it goes on the student's return.&nbsp;</LI></UL><P>please post the following and we can explain the math</P><P>&nbsp;</P><P>1) Box 1 and Box 5 of&nbsp; form 1098T</P><P>2) Box 1 and Box 2 of Form 1099Q</P><P>3) any qualified expenses (Room and Board, books, computer expenses, etc.) that are NOT part of Box 1 of Form 1098T</P><P>4) whose social security number is on the 1099Q</P><P>5) are you eligible for AOTC? (AGI below $160,000)</P><P>6) confirm your student is a dependent on your tax return.</P> Sun, 15 Mar 2020 19:17:00 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320079#M30193 NCperson 2020-03-15T19:17:00Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320268#M30198 <P><SPAN>&gt;&gt;&gt;any qualified expenses (Room and Board, books, computer expenses, etc.) that are NOT part of Box 1 of Form 1098T</SPAN></P><P>&nbsp;</P><P><SPAN>What I found out that the amt sent from my 529 plan for room and board to school is not matching the Box1 of Form 1098T.</SPAN></P><P>&nbsp;</P><P>It is off by&nbsp;14163.67. That's why when I file a return for my daughter it ask me to pay tax on the difference.&nbsp;<SPAN>The student is a dependent on my tax return.</SPAN></P><P>&nbsp;</P><P><SPAN>&gt;&gt;&gt;the 1098T goes on the parents return, assuming the parent CAN claim the student (whether they do or not is not the question) AND Box 1 and any related expenses EXCEED Box 5</SPAN></P><P>During filing return for the student, it asks if you have received 1098T and enter it. It compares 1098T (Box1-Box5) with 1099Q (Box1) (if qualified distribution) and calculates whether you have to pay the tax or not. that's what is happening. Is there a way to delete 1098T from student's filing?</P> Sun, 15 Mar 2020 19:47:24 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320268#M30198 SK250 2020-03-15T19:47:24Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320289#M30199 <P>Room and Board is not going to be on form 1098T - it's not&nbsp; "tuition or related fees"&nbsp;</P><P>&nbsp;</P><P>are you using the online version or desktop?&nbsp;</P> Sun, 15 Mar 2020 19:50:51 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320289#M30199 NCperson 2020-03-15T19:50:51Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320383#M30203 <P>Desktop premier version. In 2018 1098T form, it was included but looks like school excluded that amount from 2019 1098T. Is it changed from this year. I compared my last year turbo tax (desktop premier) and it is included ( just because it was part of 1098T). What's the option now?&nbsp;Housing Payment in 2019 (Paid from 529 plan) 15430.67 (Box1 1099Q) shows in school payment website. Please suggest.</P> Sun, 15 Mar 2020 20:02:32 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320383#M30203 SK250 2020-03-15T20:02:32Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320968#M30218 <P><span class="lia-inline-image-display-wrapper lia-image-align-center" image-alt="Screen Shot 2020-03-15 at 2.40.11 PM.png" style="width: 400px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/6181i11A1F03F26A0A4F0/image-size/medium?v=v2&amp;px=400" role="button" title="Screen Shot 2020-03-15 at 2.40.11 PM.png" alt="Screen Shot 2020-03-15 at 2.40.11 PM.png" /></span></P><P>&nbsp;Is it the right place to enter Room and Board?If you don't enter 1098-T in student's tax filing then it is considering the 1099Q earning as taxable. &nbsp;How to handle that in student's tax filing? alternatively, don't report it.</P> Sun, 15 Mar 2020 21:53:49 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320968#M30218 SK250 2020-03-15T21:53:49Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323599#M30284 <DIV class="page"><DIV class="layoutArea"><DIV class="column"><P><SPAN>From 1099Q:</SPAN></P><P><SPAN>Instructions for Recipient</SPAN></P><P><SPAN>Distributions from Coverdell education savings accounts (CESAs) under section 530 and qualified tuition programs (QTPs) under section 529, including rollovers, may be taxable. <STRONG>Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return.</STRONG></SPAN></P><P>&nbsp;</P><P>You are right. if it is qualified distribution then there is no point to report it. Just wanted to know your thought. &nbsp;The confusion started when you report these two forms (1098T and 1099Q) separately and school is not including room and board in 1098T anymore.&nbsp;</P></DIV></DIV></DIV> Mon, 16 Mar 2020 17:04:50 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323599#M30284 SK250 2020-03-16T17:04:50Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323643#M30287 <P><LI-USER uid="1636964"></LI-USER>&nbsp;- which is why I asked you these questions a few days back..... depending on the math, I was going to respond that submitting the 1099Q was not necessary:</P><P>&nbsp;</P><P>1) Box 1 and Box 5 of&nbsp; form 1098T</P><P>2) Box 1 and Box 2 of Form 1099Q</P><P>3) any qualified expenses (Room and Board, books, computer expenses, etc.) that are NOT part of Box 1 of Form 1098T</P><P>4) whose social security number is on the 1099Q</P><P>5) are you eligible for AOTC? (AGI below $160,000)</P><P>6) confirm your student is a dependent on your tax return.</P> Mon, 16 Mar 2020 17:14:54 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323643#M30287 NCperson 2020-03-16T17:14:54Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323691#M30291 <P><A href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/19147" target="_self"><SPAN class="">@NCperson</SPAN></A></P><P><SPAN class="">comments inline</SPAN></P><P>Box 1 and Box 5 of&nbsp; form 1098T</P><DIV class="page"><DIV class="section"><DIV class="layoutArea"><DIV class="column"><P><SPAN>52987.00 and&nbsp;</SPAN><SPAN>51720.00</SPAN></P><P>&nbsp;</P></DIV></DIV></DIV></DIV><P>2) Box 1 and Box 2 of Form 1099Q</P><P>15,430 and&nbsp;4,326</P><P>&nbsp;</P><P>3) any qualified expenses (Room and Board, books, computer expenses, etc.) that are NOT part of Box 1 of Form 1098T</P><P>Out of 15,430 (from 1099Q) - 1267 fees (<SPAN>52987.00 -&nbsp;<SPAN>51720.00)</SPAN></SPAN>&nbsp;= 14163 (room and board)</P><P>&nbsp;</P><P>4) whose social security number is on the 1099Q</P><P>Student</P><P>5) are you eligible for AOTC? (AGI below $160,000)</P><P>No</P><P>6) confirm your student is a dependent on your tax return.</P><P>Yes</P> Mon, 16 Mar 2020 17:24:07 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323691#M30291 SK250 2020-03-16T17:24:07Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323737#M30294 <P>to summarize</P><P>&nbsp;</P><UL><LI>The expenses (net of the scholarship) are $1267.&nbsp; Room and Board is $14163.&nbsp; &nbsp;So in total the expenses are $15430.</LI><LI>Box 1 of the 1099Q is 15430</LI></UL><P>Nontaxable distributions from CESAs and QTPs <STRONG>are not required to be reported on your income tax return</STRONG>. You must determine the taxability of any distribution.</P><P>&nbsp;</P><P>and you have determined that the distribution is not taxable since the expenses meet or exceed the distribtion.</P><P>&nbsp;</P><P>So no need to input into TT as it's not required to be reported on your tax return.&nbsp; Suggest just documenting for your files and put away in a drawer in case the IRS ever comes knocking.&nbsp;</P><P>&nbsp;</P> Mon, 16 Mar 2020 17:33:01 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323737#M30294 NCperson 2020-03-16T17:33:01Z Re: Room & Board Expenses -- where to enter https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323972#M30303 <P>Thank you very much&nbsp;<LI-USER uid="19147"></LI-USER>!</P> Mon, 16 Mar 2020 18:22:20 GMT https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323972#M30303 SK250 2020-03-16T18:22:20Z
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topic Re: Room &amp; Board Expenses -- where to enter in Education
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320383#M30203
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<P>Desktop premier version. In 2018 1098T form, it was included but looks like school excluded that amount from 2019 1098T. Is it changed from this year. I compared my last year turbo tax (desktop premier) and it is included ( just because it was part of 1098T). What's the option now?&nbsp;Housing Payment in 2019 (Paid from 529 plan) 15430.67 (Box1 1099Q) shows in school payment website. Please suggest.</P>
</description>
<pubDate>Sun, 15 Mar 2020 20:02:32 GMT</pubDate>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-15T20:02:32Z</dc:date>
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<title>Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/room-board-expenses-where-to-enter/01/1118530#M26475
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<P><STRONG>Where in TurboTax do I enter the total I paid in 2019 for college room &amp; board for my Daughter #1, if I don’t have a 1098-T for her?&nbsp;</STRONG> I’ve queried this question and seen answers that say you don’t enter room &amp; board payments in TurboTax, but I am seeing otherwise.&nbsp; My Daughter #2 in college received a 1098-T for 2019, and when I entered that info into TurboTax, it also allowed me to enter what I paid for both room &amp; board and books.</P><P>&nbsp;</P><P>However, not the case for Daughter #1.&nbsp; She&nbsp;attended her final college semester in Spring 2019 and then graduated.&nbsp; In 2019, I withdrew funds from her 529 account to pay for room &amp; board and her books.&nbsp; I did <U>not</U> receive a 1098-T for 2019 from her college, because I paid her tuition and fees for her final semester in December of 201<U>8</U>.&nbsp; In the 1098-T section of TurboTax, I entered NO to the question "Did you receive a 1098-T?"&nbsp; The screen that came up next then gave me a place to enter what I paid for her books, but not the room &amp; board.&nbsp;&nbsp;</P><P>&nbsp;</P><P>In an earlier section of TurboTax, I entered the 1099-Q info for both daughters' 529 accounts, showing the total amount of funds for qualified education expenses that I withdrew in 2019.&nbsp; <STRONG>If I cannot enter anywhere in TurboTax the amount I paid for room &amp; board for Daughter #1, won’t TurboTax think I withdrew more money from her 529 than I used to pay for qualified education expenses, and then charge me taxes and a 10% penalty on the earnings portion of the money I withdrew to pay her room &amp; board?&nbsp;</STRONG></P><P>&nbsp;</P>
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<pubDate>Sun, 09 Feb 2020 15:50:18 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/room-board-expenses-where-to-enter/01/1118530#M26475
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<dc:creator>fengle</dc:creator>
<dc:date>2020-02-09T15:50:18Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118588#M26476
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<P>When a 1099-Q is involved, it is *imperative* that you work through the education section the way it is designed and intended to be used. If you do not, then chances are "extremely" high that you will not be asked for room and board expenses, meaning that any 1099-Q funds not used for the qualified expenses of tuition, books and lab fees *will* be taxed.</P> <P>I would suggest you completely delete everything (both students) in the education section and then start that section over from scratch. At this point, jumping around trying to fix things will have the high probability of creating an entirely new problem with the 1098-T. (I am assuming TTX has not yet fixed that bug, since as far as I know we've not yet been able to identify the exact cause.)</P>
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<pubDate>Sun, 09 Feb 2020 16:04:30 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118588#M26476
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<dc:creator>Carl</dc:creator>
<dc:date>2020-02-09T16:04:30Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118702#M26477
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<P>Carl - Thanks for your input.&nbsp; <SPAN>What exactly is the "bug" you referred to?</SPAN></P><P>&nbsp;</P><P>I can do what you recommend, but I am pretty sure I filled it out correctly the first time.&nbsp; And which is the part you refer to as the "education section?"&nbsp; Under Deductions &amp; Credits, there's a section titled "<SPAN>ESA and 529 qualified tuition programs (Form 1099-Q)" and a section titled "Expenses and Scholarships (Form 1098-T)."&nbsp; Are you saying redo both of those?</SPAN></P><P>&nbsp;</P><P><SPAN>I am kicking myself now for paying her 2019 spring tuition in late 2018.&nbsp; If I had paid it in 2019, I would have a 1098-T and this would all be moot.&nbsp; TurboTax completely shuts me down when I answer that I have no 1098-T for her.&nbsp;</SPAN></P>
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<pubDate>Sun, 09 Feb 2020 16:25:08 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118702#M26477
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<dc:creator>fengle</dc:creator>
<dc:date>2020-02-09T16:25:08Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118718#M26478
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<P>yes, you do enter the room and board when it's asked, but the issue is TT uses that information to determine if the earnings on the 1099-Q are taxable or not.</P><P>&nbsp;</P><P>it is NOT an acceptable expense related to the 1098-T.&nbsp;</P><P>&nbsp;</P><P>on the 1099Q, whose name is on the form, THAT's whose tax return the form goes on (it'll be you if you received the money from the administrator, it will be your child, if the administrator was directed to send the money directly to the college or your child)</P>
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<pubDate>Sun, 09 Feb 2020 16:28:05 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118718#M26478
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<dc:creator>NCperson</dc:creator>
<dc:date>2020-02-09T16:28:05Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118761#M26479
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<P>Thanks for your response.&nbsp; I am the owner/recipient of the 529 plans for both my daughters; my daughters are the beneficiaries.&nbsp; So it definitely gets addressed on my taxes.&nbsp;&nbsp;</P><P>&nbsp;</P><P>I am aware that room &amp; board isn't listed on the 1098-T form.&nbsp; But the TurboTax 1098-T section was the only place that, once I entered the data from the 1098-T, then also asked what I paid for room &amp; board.&nbsp; But it only asked for the daughter for whom I have a 1098-T.&nbsp; It didn't ask for the other daughter.&nbsp; When I answered NO to question "do you have a 1098-T for her" it brought up a screen that asked if I was an exception and her school didn't need to issue her a 1098-T.&nbsp; I answered YES to that, thinking that would bring me to a screen where it would ask about room &amp; board, like it did for my other daughter.&nbsp; But it did not ever ask that.&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P>
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<pubDate>Sun, 09 Feb 2020 16:34:08 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1118761#M26479
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<dc:creator>fengle</dc:creator>
<dc:date>2020-02-09T16:34:08Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1208593#M28229
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<P>I have a related problem concerning my dependent son's college expenses. After entering the 1099Q distributions, 1098T expenses, and all other qualifying expenses for a 529b, my federal return correctly determined no tax liability from the 529b distribution. However, the Alabama state return appears to treat the 529b distribution as income. Is this a bug in the AL state software?</P>
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<pubDate>Sat, 22 Feb 2020 17:23:20 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1208593#M28229
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<dc:creator>Degrant46</dc:creator>
<dc:date>2020-02-22T17:23:20Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1239862#M28715
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<P>There shouldn't be. You might have a Tax support phone specialist to look at a diagnostic copy at your return to see why this is occurring otherwise it is hard to speculate what may have happened.</P>
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<pubDate>Thu, 27 Feb 2020 01:24:03 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1239862#M28715
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<dc:creator>DaveF1006</dc:creator>
<dc:date>2020-02-27T01:24:03Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1303146#M29858
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<description>
<P>I am following the EZStep process on turbotax premier to fill in my student daughters tax forms, and have entered the 1099-Q first and then the 1098-T. &nbsp;Even though I was asked to fill out the room and board info, it is still treating the 529 distribution portion used for the room and board as taxable (even though the 529 distribution was less than the 1098-T Payments minus the scholarships plus the room and board amount). &nbsp;I did try to delete both the 1098-T and the 1099-Q and walked through it again. &nbsp;Is there a fix for this bug, or another way to fix it?</P>
</description>
<pubDate>Wed, 11 Mar 2020 03:20:46 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1303146#M29858
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<dc:creator>billko</dc:creator>
<dc:date>2020-03-11T03:20:46Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1303642#M29865
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<description>
<P>there is no requirement to input the 1099Q; rather you just need to confirm that the qualified expenses exceed Box 1.&nbsp; From what you are stating, you have done that.&nbsp; Just file away the documentation should you ever be asked by the IRS.&nbsp;</P><P>&nbsp;</P><P>look at the instructons that came with the 1099Q</P><P>&nbsp;</P><P>"Taxable distributions from CESAs and QTPs are <FONT color="#FF0000"><STRONG>not</STRONG> </FONT>required to be reported on your income tax return. You must determine the taxability of any distribution."</P><P>&nbsp;</P><P>and you have done that.&nbsp; Suggest deleting the 1099Q (but not the 1098T!) from your taxes and move on....</P><P>&nbsp;</P>
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<pubDate>Wed, 11 Mar 2020 11:52:24 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1303642#M29865
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<dc:creator>NCperson</dc:creator>
<dc:date>2020-03-11T11:52:24Z</dc:date>
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<item>
<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319189#M30168
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<description>
<P>I’m having the same issue. 10% tax is being added on the 529 earning even though it is paid to university from my 529 plan for room/board. I compared last year turbo tax and it was not calculating the same way. By the way my 529 plan distributed for &nbsp;room and boarding. The earning in box 2 shows taxable. If the beneficiary is my daughter &nbsp;but I own the 529 plan should I enter 1099q in My return. Last year I had done that way but I think if student is filing tax then he/she should enter that . Please confirm.</P>
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<pubDate>Sun, 15 Mar 2020 16:08:40 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319189#M30168
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<dc:creator>SK250</dc:creator>
<dc:date>2020-03-15T16:08:40Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319247#M30170
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<P>As previous comments have said, if your 529 distribution is fully covered by expenses, including room and board, just don't enter the 1099-Q in TurboTax.&nbsp; It's too complicated.</P> <P>&nbsp;</P> <P>That said,&nbsp; to get the screen to enter Room &amp; Board,&nbsp; answer yes when asked if you have book expenses., in the education expenses interview</P>
</description>
<pubDate>Sun, 15 Mar 2020 16:30:00 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319247#M30170
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<dc:creator>Hal_Al</dc:creator>
<dc:date>2020-03-15T16:30:00Z</dc:date>
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<title>Re: Room & Board Expenses -- where to enter</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319265#M30172
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<description>
<P>Thanks. It was not an issue last year. I’m comparing side by side. Is it a Turbo tax software &nbsp;issue?&nbsp;</P>
</description>
<pubDate>Sun, 15 Mar 2020 16:29:06 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319265#M30172
</guid>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-15T16:29:06Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319266#M30173
</link>
<description>
<P><SPAN>For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dependent). </SPAN>The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to. When the money goes directly from the<SPAN>&nbsp;</SPAN>Qualified Tuition Plan&nbsp;(QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q.&nbsp;<BR /><SPAN><STRONG>The 1099-Q gets reported on the recipient's return.**</STRONG> The recipient's name &amp; SS# will be on the 1099-Q.</SPAN><BR /><SPAN>Even though the 1099-Q is going on the student's return, the 1098-T should go on the parent's return, so you can claim the education credit. You can do this because he is your dependent.</SPAN></P> <P>&nbsp;</P> <P>**Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room &amp; board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip!&nbsp; When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry.</P> <P>&nbsp;</P> <P>Read on for more about 529 plan distributions.</P> <P>__________________________________________________________________</P> <P><U>Qualified Tuition Plans&nbsp; (QTP 529 Plans)</U></P> <P><SPAN>It’s complicated.</SPAN></P> <P><SPAN>For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dependent). </SPAN>The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to. When the money goes directly from the<SPAN>&nbsp;</SPAN>Qualified Tuition Plan&nbsp;(QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q.&nbsp;<BR /><SPAN>The 1099-Q gets reported on the recipient's return.<STRONG>**</STRONG> The recipient's name &amp; SS# will be on the 1099-Q.</SPAN><BR /><SPAN>Even though the 1099-Q is going on the student's return, the 1098-T should go on the parent's return, so you can claim the education credit. You can do this because he is your dependent.</SPAN></P> <P><SPAN>You can and should claim the tuition credit before claiming the 529 plan earnings exclusion. The educational expenses he claims for the 1099-Q should be reduced by the amount of educational expenses you claim for the credit.</SPAN><BR /><SPAN>But be aware, you can not double dip. You cannot count the same tuition money, for the tuition credit,&nbsp; that gets him an exclusion from the taxability of the earnings (interest) on the 529 plan. Since the credit is more generous; use as much of the tuition as is needed for the credit and the rest for the interest exclusion. Another special rule allows you to claim the tuition credit even though it was "his" money that paid the tuition.</SPAN><BR /><SPAN>In addition, there is another rule that says the 10% penalty is waived if he was unable to cover the 529 plan withdrawal with educational expenses either because he got scholarships or the expenses were used (by him or the parents) to claim the credits. He'll have to pay tax on the earnings, at his lower tax rate (subject to the “kiddie tax”), but not the penalty.</SPAN></P> <P><SPAN>&nbsp;</SPAN></P> <P><EM>Total qualified expenses (including room &amp; board) less amounts paid by scholarship less amounts used to claim the Tuition credit equals the amount you can use to claim the earnings exclusion on the 1099-Q.&nbsp;<BR />Example:<BR />&nbsp; $10,000 in educational expenses(including room &amp; board)</EM></P> <P><EM>&nbsp;&nbsp; -$3000 paid by tax free scholarship***</EM></P> <P><EM><U>&nbsp;&nbsp; -$4000</U></EM><EM> used to claim the American Opportunity credit</EM></P> <P><EM>&nbsp;=$3000 Can be used against the 1099-Q (usually on the student’s return)</EM></P> <P><EM>&nbsp;</EM></P> <P><EM>Box</EM><EM> 1</EM><EM> of the 1099-Q is $5000</EM></P> <P><EM>Box</EM><EM> 2</EM><EM> is $600</EM></P> <P><EM>3000/5000=60% of the earnings are tax free</EM></P> <P><EM>60%x600= $360</EM></P> <P><EM>You have $240 of taxable income (600-360) </EM></P> <P><EM>&nbsp;</EM></P> <P>**Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room &amp; board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip!&nbsp; When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry.</P> <P>On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;***Another alternative is have the student report some of his scholarship as taxable income, to free up some expenses for the 1099-Q and/or tuition credit.</P> <P>&nbsp;</P>
</description>
<pubDate>Sun, 15 Mar 2020 16:29:13 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319266#M30173
</guid>
<dc:creator>Hal_Al</dc:creator>
<dc:date>2020-03-15T16:29:13Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319455#M30178
</link>
<description>
<P>Thanks for the detail answer. I need to clarify one point from your answer</P><P><SPAN>“”””</SPAN></P><P><SPAN>You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip!&nbsp; When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms.</SPAN></P><P>“””“”</P><P>in my case tuitions are fully paid and paying <STRONG>room &amp; boarding</STRONG> to school from 529 plan. I hope It is a qualified distribution.&nbsp;<BR /><SPAN>&gt;&gt;When the box 1 amount on form 1099-Q is fully covered by expenses.</SPAN></P><P>&nbsp;</P><P>Box1 Amt is fully paid to school for room/boarding/admin fees. Not sure why TurboTax is calculating tax on earning. It is not calculating correctly. As you said, I will delete the 1099Q from my daughters return. I’ll Keep 1099T in my return only.&nbsp;<BR /><BR /></P><P>another question? Last year I had included 1099Q in my return ( fully qualified) instead of adding that to my daughter’s return. Will that cause any issue? Actually, TurboTax allows to enter 1099Q for dependents (beneficiary) in parents return.&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P>
</description>
<pubDate>Sun, 15 Mar 2020 17:13:49 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319455#M30178
</guid>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-15T17:13:49Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319539#M30180
</link>
<description>
<P>Yes, room and board are qualified expenses for the 1099-Q, even though R&amp;B are not on the 1098-T.</P> <P>&nbsp;</P> <P>It will not cause an issue&nbsp; if&nbsp;<SPAN>the&nbsp; 1099Q was on your return , instead&nbsp;of your&nbsp; daughter’s return, because it was fully qualified.</SPAN></P> <P>&nbsp;</P> <P>&nbsp;</P>
</description>
<pubDate>Sun, 15 Mar 2020 17:32:17 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1319539#M30180
</guid>
<dc:creator>Hal_Al</dc:creator>
<dc:date>2020-03-15T17:32:17Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320079#M30193
</link>
<description>
<P>it is confusing</P><P>&nbsp;</P><UL><LI>1099Q goes on the return of the social security number that is on the form.&nbsp; If the administrator sent the parent the money, then the parent's social will be on the form.&nbsp; &nbsp;If the administrator sent the money directly to the school (or the student), the student's social will be on the form</LI><LI>the 1098T goes on the parents return, assuming the parent CAN claim the student (whether they do or not is not the question) AND Box 1 and any related expenses EXCEED Box 5.&nbsp; Otherwise it goes on the student's return.&nbsp;</LI></UL><P>please post the following and we can explain the math</P><P>&nbsp;</P><P>1) Box 1 and Box 5 of&nbsp; form 1098T</P><P>2) Box 1 and Box 2 of Form 1099Q</P><P>3) any qualified expenses (Room and Board, books, computer expenses, etc.) that are NOT part of Box 1 of Form 1098T</P><P>4) whose social security number is on the 1099Q</P><P>5) are you eligible for AOTC? (AGI below $160,000)</P><P>6) confirm your student is a dependent on your tax return.</P>
</description>
<pubDate>Sun, 15 Mar 2020 19:17:00 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320079#M30193
</guid>
<dc:creator>NCperson</dc:creator>
<dc:date>2020-03-15T19:17:00Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320268#M30198
</link>
<description>
<P><SPAN>&gt;&gt;&gt;any qualified expenses (Room and Board, books, computer expenses, etc.) that are NOT part of Box 1 of Form 1098T</SPAN></P><P>&nbsp;</P><P><SPAN>What I found out that the amt sent from my 529 plan for room and board to school is not matching the Box1 of Form 1098T.</SPAN></P><P>&nbsp;</P><P>It is off by&nbsp;14163.67. That's why when I file a return for my daughter it ask me to pay tax on the difference.&nbsp;<SPAN>The student is a dependent on my tax return.</SPAN></P><P>&nbsp;</P><P><SPAN>&gt;&gt;&gt;the 1098T goes on the parents return, assuming the parent CAN claim the student (whether they do or not is not the question) AND Box 1 and any related expenses EXCEED Box 5</SPAN></P><P>During filing return for the student, it asks if you have received 1098T and enter it. It compares 1098T (Box1-Box5) with 1099Q (Box1) (if qualified distribution) and calculates whether you have to pay the tax or not. that's what is happening. Is there a way to delete 1098T from student's filing?</P>
</description>
<pubDate>Sun, 15 Mar 2020 19:47:24 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320268#M30198
</guid>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-15T19:47:24Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320289#M30199
</link>
<description>
<P>Room and Board is not going to be on form 1098T - it's not&nbsp; "tuition or related fees"&nbsp;</P><P>&nbsp;</P><P>are you using the online version or desktop?&nbsp;</P>
</description>
<pubDate>Sun, 15 Mar 2020 19:50:51 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320289#M30199
</guid>
<dc:creator>NCperson</dc:creator>
<dc:date>2020-03-15T19:50:51Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320383#M30203
</link>
<description>
<P>Desktop premier version. In 2018 1098T form, it was included but looks like school excluded that amount from 2019 1098T. Is it changed from this year. I compared my last year turbo tax (desktop premier) and it is included ( just because it was part of 1098T). What's the option now?&nbsp;Housing Payment in 2019 (Paid from 529 plan) 15430.67 (Box1 1099Q) shows in school payment website. Please suggest.</P>
</description>
<pubDate>Sun, 15 Mar 2020 20:02:32 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320383#M30203
</guid>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-15T20:02:32Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320968#M30218
</link>
<description>
<P><span class="lia-inline-image-display-wrapper lia-image-align-center" image-alt="Screen Shot 2020-03-15 at 2.40.11 PM.png" style="width: 400px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/6181i11A1F03F26A0A4F0/image-size/medium?v=v2&amp;px=400" role="button" title="Screen Shot 2020-03-15 at 2.40.11 PM.png" alt="Screen Shot 2020-03-15 at 2.40.11 PM.png" /></span></P><P>&nbsp;Is it the right place to enter Room and Board?If you don't enter 1098-T in student's tax filing then it is considering the 1099Q earning as taxable. &nbsp;How to handle that in student's tax filing? alternatively, don't report it.</P>
</description>
<pubDate>Sun, 15 Mar 2020 21:53:49 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1320968#M30218
</guid>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-15T21:53:49Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323599#M30284
</link>
<description>
<DIV class="page"><DIV class="layoutArea"><DIV class="column"><P><SPAN>From 1099Q:</SPAN></P><P><SPAN>Instructions for Recipient</SPAN></P><P><SPAN>Distributions from Coverdell education savings accounts (CESAs) under section 530 and qualified tuition programs (QTPs) under section 529, including rollovers, may be taxable. <STRONG>Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return.</STRONG></SPAN></P><P>&nbsp;</P><P>You are right. if it is qualified distribution then there is no point to report it. Just wanted to know your thought. &nbsp;The confusion started when you report these two forms (1098T and 1099Q) separately and school is not including room and board in 1098T anymore.&nbsp;</P></DIV></DIV></DIV>
</description>
<pubDate>Mon, 16 Mar 2020 17:04:50 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323599#M30284
</guid>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-16T17:04:50Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323643#M30287
</link>
<description>
<P><LI-USER uid="1636964"></LI-USER>&nbsp;- which is why I asked you these questions a few days back..... depending on the math, I was going to respond that submitting the 1099Q was not necessary:</P><P>&nbsp;</P><P>1) Box 1 and Box 5 of&nbsp; form 1098T</P><P>2) Box 1 and Box 2 of Form 1099Q</P><P>3) any qualified expenses (Room and Board, books, computer expenses, etc.) that are NOT part of Box 1 of Form 1098T</P><P>4) whose social security number is on the 1099Q</P><P>5) are you eligible for AOTC? (AGI below $160,000)</P><P>6) confirm your student is a dependent on your tax return.</P>
</description>
<pubDate>Mon, 16 Mar 2020 17:14:54 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323643#M30287
</guid>
<dc:creator>NCperson</dc:creator>
<dc:date>2020-03-16T17:14:54Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323691#M30291
</link>
<description>
<P><A href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/19147" target="_self"><SPAN class="">@NCperson</SPAN></A></P><P><SPAN class="">comments inline</SPAN></P><P>Box 1 and Box 5 of&nbsp; form 1098T</P><DIV class="page"><DIV class="section"><DIV class="layoutArea"><DIV class="column"><P><SPAN>52987.00 and&nbsp;</SPAN><SPAN>51720.00</SPAN></P><P>&nbsp;</P></DIV></DIV></DIV></DIV><P>2) Box 1 and Box 2 of Form 1099Q</P><P>15,430 and&nbsp;4,326</P><P>&nbsp;</P><P>3) any qualified expenses (Room and Board, books, computer expenses, etc.) that are NOT part of Box 1 of Form 1098T</P><P>Out of 15,430 (from 1099Q) - 1267 fees (<SPAN>52987.00 -&nbsp;<SPAN>51720.00)</SPAN></SPAN>&nbsp;= 14163 (room and board)</P><P>&nbsp;</P><P>4) whose social security number is on the 1099Q</P><P>Student</P><P>5) are you eligible for AOTC? (AGI below $160,000)</P><P>No</P><P>6) confirm your student is a dependent on your tax return.</P><P>Yes</P>
</description>
<pubDate>Mon, 16 Mar 2020 17:24:07 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323691#M30291
</guid>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-16T17:24:07Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323737#M30294
</link>
<description>
<P>to summarize</P><P>&nbsp;</P><UL><LI>The expenses (net of the scholarship) are $1267.&nbsp; Room and Board is $14163.&nbsp; &nbsp;So in total the expenses are $15430.</LI><LI>Box 1 of the 1099Q is 15430</LI></UL><P>Nontaxable distributions from CESAs and QTPs <STRONG>are not required to be reported on your income tax return</STRONG>. You must determine the taxability of any distribution.</P><P>&nbsp;</P><P>and you have determined that the distribution is not taxable since the expenses meet or exceed the distribtion.</P><P>&nbsp;</P><P>So no need to input into TT as it's not required to be reported on your tax return.&nbsp; Suggest just documenting for your files and put away in a drawer in case the IRS ever comes knocking.&nbsp;</P><P>&nbsp;</P>
</description>
<pubDate>Mon, 16 Mar 2020 17:33:01 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323737#M30294
</guid>
<dc:creator>NCperson</dc:creator>
<dc:date>2020-03-16T17:33:01Z</dc:date>
</item>
<item>
<title>Re: Room & Board Expenses -- where to enter</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323972#M30303
</link>
<description>
<P>Thank you very much&nbsp;<LI-USER uid="19147"></LI-USER>!</P>
</description>
<pubDate>Mon, 16 Mar 2020 18:22:20 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/college-education/discussion/re-room-board-expenses-where-to-enter/01/1323972#M30303
</guid>
<dc:creator>SK250</dc:creator>
<dc:date>2020-03-16T18:22:20Z</dc:date>
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