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dafulcrum
Level 2
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  • The 1098-T for 2021 is only ~$10K and the 1099-Q is for $67K. If I include the 1098-T from 2020, then would be very close to the $67K and it was not included in...
    dafulcrum
    1
    Updated Apr 06, 2022
  • In addition to the 1099-Q, I received a 1098-T for 2021. Also, I received a 1098-T in 2020 that was not included in my 2020 return. To cover the full amount of ...
    dafulcrum
    3
    Updated Apr 06, 2022
  • Thanks. I went back and looked and see that we received a 1098-T in 2020 for the balance of the costs I was looking to deduct and was not included in last year'...
    dafulcrum
    5
    Updated Apr 06, 2022
  • Yeah, that is the problem. If I add up both year's expenses, they total ~$50K which is the amount I pulled as a lump sum from the 529. Is 1099-Q is only for the...
    dafulcrum
    7
    Updated Apr 06, 2022
  • I like the idea of not entering the 1099-Q but doesn't the university send the 1099-Q to the IRS and wont they see I did not include it? Thx.
    dafulcrum
    9
    Updated Apr 06, 2022
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