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Level 3
June 29, 2020
Solved

How do i report 529 distributions

  • June 29, 2020
  • 1 reply
  • 17 views

I took distribution of 30k from 529 plan in 2019. This  entire amount was used for qualified expenses within 2019 and I have the receipts. (~12k tuition, ~12k room/board + misc/others) 

 

Now the college sent me 1098-T which has only ~11k in Box1. 

 

I am not able to tell what 1098-T covers and which other expenses i need to add manually. Any guidance? 

 

 

Best answer by Tribhovan

i got my answer. Looks like college sent single page 1098-T hardcopy. With little google i found that i can log in to a 3rd party site college uses [http://www.tsc1098t.com/] from where i can download all expense items covered in 1098-T bulk amount.  I will now need to enter missing expense items manually.

1 reply

TribhovanAuthorAnswer
Level 3
June 29, 2020

i got my answer. Looks like college sent single page 1098-T hardcopy. With little google i found that i can log in to a 3rd party site college uses [http://www.tsc1098t.com/] from where i can download all expense items covered in 1098-T bulk amount.  I will now need to enter missing expense items manually.