choosybean
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Yes, both of you would enter the information but only you can claim the education deduction if you claim them as dependent.You children would also fill out 1098...
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I see, I use Fidelity and they don't calculate for me, my option is to state how much I want to characterize and then tell them which equity and mutual fund or ...
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I see so if I contributed 7k to Roth 3 month ago, I recharacterize 7k to traditional. I do not need to do anything about the gains/loss that 7K had?
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Thanks! I read something here about I need to calculate the gains/loss. I've actually lost the money bc the stock market but how do I calculate that? I read I n...
Activity Feed for choosybean
- Posted Re: Do both me and my child enter information from 1098-T (scholarship/college expenses)? If they file taxes too? on Education. March 1, 2021 9:24 AM
- Posted Re: i accidentally contributed to Roth IRA last year, but i want to change to traditional to redu... on Retirement tax questions. February 28, 2021 9:45 AM
- Posted Re: i accidentally contributed to Roth IRA last year, but i want to change to traditional to redu... on Retirement tax questions. February 28, 2021 9:26 AM
- Posted Re: i accidentally contributed to Roth IRA last year, but i want to change to traditional to redu... on Retirement tax questions. February 28, 2021 8:20 AM
- Cheered Re: i accidentally contributed to Roth IRA last year, but i want to change to traditional to redu... for DanaB27. February 28, 2021 8:20 AM
- Posted i accidentally contributed to Roth IRA last year, but i want to change to traditional to reduce my income? How on Retirement tax questions. February 27, 2021 10:38 PM
- Posted 1098T doesn't have at least half time checked, my child took medical leave, do I need to pay tax on her scholarship on Education. February 27, 2021 9:38 PM