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My son is filing his taxes for 2017. He received a 1099-Q
My son is filing his taxes for 2017. He received a 1099-Q with a gross distribution. He also has a 1099-T for his scholarship. All of these funds went to pay for his tuition. Why does it seem that we'… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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How and where can I report amiunt from line 2 from 1098-T
how and where can I report amiunt from line 2 from 1098-T and amount of Scholarship grant from line 5… read more
Lev
Lev
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When reporting payments from a qualified tuition plan on our
When reporting payments from a qualified tuition plan on our tax return, the computation is resulting in a tax because the 1098T is reporting tuition only. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
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Have just got a TAx letter, they are taxing my 529
have just got a TAx letter, they are taxing my 529 withdrawals … read more
emc011075
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1099-Q. I want to know if my sons have file a tax return.
1099-Q. I want to know if my sons have file a tax return. they both received 1099-Q's … read more
Tax.appeal.168
Tax.appeal.168
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My son received a tuition bill for $10k in 2013 2014
My son received a tuition bill for $10k in 2013 for the 2014 semester, he paid $6k in 2014 and received a scholarship for $4k. On the 1098T on the amount paid for education expenses, the school does n… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Wendy, I am reading the conversation regarding 1099Q with Customer
Wendy, I am reading the conversation regarding 1099Q with Customer and I am still confused. My daughter, whom we had purchased the Texas Tomorrow Fund years ago is now receiving the payments for her T… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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Regarding a 1099-Q Payments from Qualified Education Programs
Regarding a 1099-Q Payments from Qualified Education Programs to one of my kids, there is a gross distribution amount listed and an earnings amount listed from the 529 plan. Is the earnings amount (th… read more
Barbara
Barbara
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23 year old full time student has $1,500 from earned income
23 year old full time student has $1,500 from earned income (W2), money in an investment account, rec'd 529 distribution and scholarship for college. He did not support himself from "earned" income, b… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,512 satisfied customers
On the 1098-T form box 1 is tuition $1,305.00, box 5 is scholorship
On the 1098-T form box 1 is tuition $1,305.00, box 5 is scholorship $23,774.70 . What i need to know is do I have to put the scholarship amount somewhere in the tax for 1040EZ? I also work as a part t… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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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
8,394 satisfied customers
Two dependents, both attended local university during 2013,
Two dependents, both attended local university during 2013, both full time students - Received 1099-Q's in their name. The 1099-Q's are from a state guaranteed tuition program. I Have 1098-T's in thei… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,512 satisfied customers
My son, a full time student age 20 during 2012 received the
My son, a full time student age 20 during 2012 received the following for 2012: A 1098T(BILLED: $26,770 with scholarhip of $8,000) coupled with a 1099Q($18,365 -Gross Distribution), ($10,004 -Earnings… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
Im helping my 20 year old full-time college student with his
I'm helping my 20 year old full-time college student with his taxes. He received a 1098-T for $3630.75, and a 1099-Q, who's payments are coming from his grandmother w/ Gross distribution of $4000.00, … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
My daughter has a full ride scholarship including tuition,
My daughter has a full ride scholarship including tuition, room and board, and a stipend.. What are the tax implications? Is it considered income, more like dividend? Help, we are not sure how to repo… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
I had set up a 529 for my son. He graduated 2 yrs ago. He
I had set up a 529 for my son. He graduated 2 yrs ago. He is no longer a dependent. I found out that he still had money left in the 529. He also was behind in his Federal student loan. He negotiated w… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
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
2,290 satisfied customers
We put $14,759.00 into a state guaranteed tuition plan in 2001.
We put $14,759.00 into a state guaranteed tuition plan in 2001. We have been notified of our ability to cash out the plan at $26,610. If we do not cash it out by November 1, we will only receive our i… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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