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New Member
posted Apr 14, 2024 1:09:04 PM

How to report 1099Q and 1098T for parent and student's tax returns?

We claim our college son as a dependent on our tax return. He received a 1098T and 1099Q under his SSN. If we report his 1098T, box 1 on our return to apply for AOTC, does that mean he can't use the tuition against the 1099Q, box 1 on his return? We have paid a total of $18K in qualified education expenses which includes $8K of tuition reported on 1098T, and $13.8K reported on 1099Q. It appears non of the distribution would be taxable, but confused on how to report all of this. 

 

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2 Replies
Expert Alumni
Apr 14, 2024 1:18:56 PM

If all of the 1099-Q distribution was used for Qualified Education Expenses, you don't need to enter it in either return.

 

If Box 1 Tuition is larger than Box 5 Scholarships on the 1098-T, you can enter it in the Education section of your return to see if you qualify for an Education Credit.

 

Here's more info on Form 1099-Q and How to Enter a 1098-T

 

 

New Member
Apr 14, 2024 5:37:09 PM

Thank you for the clarification.