Please ignore my previous question submitted less than 5 minutes ago. The error was due to incorrect data entry.
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Is your social security number the identification number reported on the Form 1099-Q? If so, then the income is treated as being received by you, unless the funds went directly to the school. If the funds went directly to the school they are treated as received by your daughter.
Are you claiming your daughter as your dependent? If so, the only 1099-Q amounts that should be treated as taxable would be amounts in excess of the allowable education expenses.
At this point, it would be a good idea to review the information that was entered.
Go back through the whole education section and check your entries, especially the entries for the qualified expenses.
Is your social security number the identification number reported on the Form 1099-Q? If so, then the income is treated as being received by you, unless the funds went directly to the school. If the funds went directly to the school they are treated as received by your daughter.
Are you claiming your daughter as your dependent? If so, the only 1099-Q amounts that should be treated as taxable would be amounts in excess of the allowable education expenses.
At this point, it would be a good idea to review the information that was entered.
Go back through the whole education section and check your entries, especially the entries for the qualified expenses.
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