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Please help me, I am pulling my hair out Have a dad with 2 children in college. He has 2 1099q one in his name and one in his daughters name for her college. The other child is a son and has more of a scholarship than the tuition and no 1099Q'
I 've had this over 3 weeks.. and keep doing it and getting different balances on the return. Please help me ... I am trying so hard to follow this in steps.. and one time they owe 5200 and another time 429 somthing is wrong.
I put in the 1099Q on one click it to her 1098t then i do the next 1099Q click that to the same 1098t then it shows on his 1040 a gain off the 1099Qs as being a figure. and I take the difference and minuis it from her tuition amount for the 1098T and it then shows a totally different amount of the Q as being taxable then the amouint i used to subtract it initially
Please find it in your heart to help me, I 've been doing this one too long and am so confused and maybe over worked.. i just don't get it.
Best Answer Click here