The 1099-Q is only an informational document. The numbers on it are not required to be entered onto your (or your student's) tax return. The interview is compli...
Q.. Do I file in both MA and MD?
A. No. Getting a W-2 or even a pay check from another state does not obligate you to pay tax to that state (it is not "MD sourc...
Room and board, books and a computer are qualified expenses for a 529 plan distribution. So, it's probable that the parents can claim most of the $8250 of tuiti...
Your parents, most likely, use the 1098-T to claim the education credit.
Here's a post on the five main points on the 1098-T:
https://ttlc.intuit.com/community/...
Q.Is it possible or legal to deduct the 2024 tuition fee from the scholarship amount she gets in 2025 in order to get the AOTC in the 2025 tax return?
A. No. It...
