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What forms or information does a college or university send
What forms or information does a college or university send to the irs pertaining to a student?(other than a 1098-T or along with the 1098-t info the student doesn't see only the irs?… read more
emc011075
emc011075
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IRS Tax Question: If you pay for your dependents college
IRS Tax Question: If you pay for your dependents college with the 529 plan partially and partially without, how do you determine what is eligible for the education credits or deductions. Please provid… read more
taxmanrog
taxmanrog
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D. I'm attempting to get a Form 1098-T completed by the
For Robin D. I'm attempting to get a Form 1098-T completed by the University of Bristol in respect to my son's tuition for the 2017 tax year. My son's tuition for that year was paid via a loan from St… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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My son had 2017 deductible educational expenses ( books and
Hi. My son had 2017 deductible educational expenses ( books and devices needed for school) that I was not able to get from my 529 college plan since I paid for it with my credit card. Can I withdraw f… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I completed my 2016 tax return with TurboTax. I received a
I completed my 2016 tax return with TurboTax. I received a CP2000 form from the IRS. I am a on line college student with Penn Foster. I entered what I had paid in 2016 to Penn Foster for my schooling … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Navy. The Navy paid to send me to the College of & for an
I am Active Duty Navy. The Navy paid to send me to the College of William & Mary for an MBA, which is non-taxable. The Business School covered the difference between what the Navy paid and the total t… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,081 satisfied customers
My daughter was enrolled in college in 2015-2016. The school
My daughter was enrolled in college in 2015-2016. The school tells me that the tuition for the Spring 2016 semester was billed in December 2015 and the 1098-T from 2015 took into account the Spring 20… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,257 satisfied customers
I withdrew 529 money to myself (the trustee) to pay
I withdrew 529 money to myself (the trustee) to pay for my student's college, not knowing how to do this. Now the IRS says that I had 'Other Income', now taxable, even though I paid my child's college… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,580 satisfied customers
I am asked to pay tax and penalties 529 distribution
I am asked to pay tax and penalties for the 529 distribution in 2013 that I have used for my daughter's qualified education. How do I what documentation I need to provide to prove that?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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I am a 51 year old disabled man(SSDI benefits) with a child
I am a 51 year old disabled man(SSDI benefits) with a child in college (no income) who lives and is supported by my 82 year old father..he pays the vast majority of living expenses. My questions are 1… read more
Lev
Lev
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Bachelor's Degree Equivalent
34,257 satisfied customers
Can a parent collapse a collenge funded 529 savings program,
Can a parent collapse a collenge funded 529 savings program, to roll it over to their own IRA? What are the limitations if parents don't want to have the 529 college savings plan any longer? Thank you… read more
Anne
Anne
Master Tax Preparer
2,361 satisfied customers
I have a couple questions regarding 529 distributions for college
I have a couple questions regarding 529 distributions for college expenses. First question is does the 1099-Q and 1098-T information go on the beneficary return or the parents if they are still claimi… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,282 satisfied customers
I have a form 1098-T. Box 2 is $7741.25. Box 5 is $15,000.
I have a form 1098-T. Box 2 is $7741.25. Box 5 is $15,000. What do I do with these two amounts on the Form 1040?… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
I am in the midst of my taxes and I am still confused. My
I am in the midst of my taxes and I am still confused. My son is 22 years old. He graduated on May 1st so technically that is 4 months not 5 months. He made $20,000.00. I do not think I can claim him … read more
Jacy
Jacy
Bachelor's Degree
567 satisfied customers
I am trying to do my taxes. I was a fulltime college student
I am trying to do my taxes. I was a fulltime college student last year (and this year). When I add the information from the 1098-T my school sent me, the tax software is telling me that I owe $1500 in… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My daughter has the Florida bright fuures scholarship which
My daughter has the Florida bright fuures scholarship which she uses to pay her housing and the Florida pre-paid that we bought 20 years ago that pays about 3/4 of her tution. I was told the bright fu… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
My wife and I started a UGMA saving account for our child many
My wife and I started a UGMA saving account for our child many years ago to be used for college. In 2007 the UGMA was rolled over to a 529 college savings using the same company. Recently my child was… read more
Merlo
Merlo
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558 satisfied customers
529 fiduciary responsibility of parent - my ex-wife is the
529 fiduciary responsibility of parent - my ex-wife is the Account Owner for each child's (3) 529 VCSP/College America account also in their names. Child 1-stepdaughter from previous marriage. settlem… read more
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Bill
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