topic 1099Q - Room & Board in Self employed

1099Q - Room & Board

melnelis — Thu, 27 Jan 2022 15:06:32 GMT

Hello! My hubs and I used a 529 plan to pay for my most of my daughter's college tuition and room & board in 2021. The rest was out of pocket. When TT prompts me to enter Room & Board both when filing out the 1099 Q as well as the 1098 T, it seems like it is "double dipping". Is this correct?

Re: 1099Q - Room & Board

MinhT1 — Thu, 27 Jan 2022 15:43:30 GMT

In the 1098-T section, TurboTax asks about room and board to have a complete list of education expenses. The program knows that room and board are not qualified education expenses.

In the 1099-Q section, room and board can be used as expenses to justify your 529 distributions.

There will be no double-dipping.