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Level 6
April 16, 2022
Question

Entering 1098-Q where recipient is not the beneficiary

  • April 16, 2022
  • 2 replies
  • 6 views

Parent(recipient) received 109-Q for child (beneficiary).  Earnings show up as taxable.  What additional entries need to be made to have it removed?  Total distribution used for qualified school expenses.

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2 replies

Level 6
April 16, 2022

Looks like entering qualified school expenses in" On the Student Information Worksheet, scroll down to Part IV - Educational Institution and Tuition Summary" would do it...  because of income level, I entered zero in the adjustments for credit block....

thoughts?

 

Just-Lisa-Now-
Intuit Community Champion
April 16, 2022

removed, I misread

 

 

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