I'm trying to enter a 1099-Q that is in my son's name. Since it's in his name I'm trying to enter it on his taxes. However, since the box is checked on his tax info indicating that he can be claimed on someone else's taxes, i.e. mine, he is unable to enter any college expenses because he can't deduct them. I understand that he can't deduct the college expenses, but if he can't enter them, there is no way to reconcile the college expenses against the 1099-Q and Turbo Tax then thinks that the 1099-Q distributions which were used for college expenses are taxable. He has other income, but not enough to be eligible to be taxed and he needs to file to be able to receive a refund. I can't file the 1099-Q on my taxes because it's in his name and even if I could, Turbo Tax won't let me enter college expenses as I'm not eligible a deduction due to my income.
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Just don't enter the 1099-Q, if you have enough college expense to offset the box 1 amount. When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms.
Just don't enter the 1099-Q, if you have enough college expense to offset the box 1 amount. When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms.
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