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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Entering 1098-Q where recipient is not the beneficiary
Entering 1098-Q where recipient is not the beneficiary
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linduca1216
Level 7
04-15-2022
11:46 PM
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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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linduca1216
Level 7
04-16-2022
12:05 AM
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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-
Level 15
04-16-2022
10:05 AM
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removed, I misread
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
