Student Loan & Education Tax Topics

Education

Education: Deductions, Credits, and Answers

There’s no doubt about it, education tax benefits can make a huge difference in your refund. The American Opportunity Tax Credit (AOTC) typically offers the largest tax break. But if you don’t qualify for that, there’s always the Lifetime Learning Cr... read more

Dependent form 8615/schedule D

We are claiming our daughter as a dependent, as she is a full-time student and has no earned income. She did, however, receive a 1099 for unearned income and therefore is required to file. In completing her information, TT asks for our Schedule D inf... read more

1099-Q is overstated

My son’s 529 college savings account issued a distribution on 12/31 but the funds did not arrive in our bank account to pay tuition until January 5. For 2025 it now appears that we have “taxable income” from the 529 when the funds are used in 2026 fo... read more

How to report 1099-Q expenses for a non-Title IV school without forcing the Lifetime Learning Credit?

I have a 1099-Q for a distribution used at a school that is not Title IV eligible and does not issue a 1098-T. However, the school is qualified as a "career credentialing program," making the 529 distribution tax-free. When I enter the tuition expens... read more

1099-Q Questions and Conclusions are Botched by TurboTax

Despite the fact that it is unnecessary to file Form 1099-Q, TurboTax nevertheless invites the User to an interview regarding it, and then incorrectly leads to the conclusion that distributions are TAXABLE (when they are NOT). This happened to me des... read more

Treatment of employee stock shares after acquisition

Suppose the following scenario occurs:An employee of company A has 1000 vested shares of company Acompany B purchases company AAs part of this acquisition, employees of company A can chose to receive from amoung the following:- a payout of $5.00 per ... read more

1099-Q box 6 question is worded very confusing

the step-by-step form for the 1099-Q brings you to Box 6. The question is worded twice. Once where you would answer Yes. And once where you would answer No.=======================Box 6: Is the recipient of the distribution the designated beneficiary?... read more

If I financially supported myself except for tuition, paid for by GI, can I say that I supported myself?

In 2024 it says i had a 1098-e but it was a 1098-t. how do I fix this?

Properly entering 529 distributions and education expenses with non-dependent son and scholarship

I am having trouble entering data properly in TurboTax for my education situation. Details:529 account in my name with my son as beneficiaryMy son is not my dependent for tax year 2025 (we are separated and MFS; my wife is claiming him)1098-T to my s... read more

PA enacted a student loan interest deduction for 2025 with no income limit (Act 56). TurboTax is omitting it for filers above the federal phase-out threshold.

Pennsylvania's new deduction (up to $2,500, reported on Schedule O) is independent of the federal deduction — PA has no income phase-out. But when TurboTax zeros out the federal deduction due to income, it silently skips Schedule O on the PA return e... read more

Work Study Financial Aid / Income Question, Please help

My daughter is a full time college student who went from being an undergraduate in May 2025, to a graduate student in August 2025. She had work study as both an undergrad and a grad student. The school sent her a W2 with her wages. My question: In Tu... read more

can an adult mark full time student or is it just a child?

People Worksheet is not passing the student info to Student Information Worksheet

When I checked the box for Part I Student Status 2c for college, the desktop version gave me the NOT DONE indicator for the form. Also, the information input into Part II College Student Information is not passing to the Student Information Worksheet... read more