Hello. I want to clarify something. we are claiming my son as a dependant and are thus using the 1099-T on our own tax form. I assume this is correct and allowa...
Ok. So this sounds pretty straightforward. Using round numbers, my son's 1099-T has $40K in box 1 and $34K in box 5. So box one is qualified expenses and its la...
Thanks for the response. Actually the $1,717 IS included in BOX 1 of the 1099-T. So I guess I would include that amount since it was paid in 2021 and it would r...
Came across your post. we have our first child in college this past year, 2021 and not sure who should file the 1099-T. Our details: we are claiming him as a de...