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I have a 529 plan for my son. The account is in my name to
Hello, I have a 529 plan for my son. The account is in my name to FBO my son. He got a 1099Q and a 1098T in his name for his tuition withdrawl. I don't know who's return to put it on and how to report… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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If my son goes to college and I pay his tuition, will it be
If my son goes to college and I pay his tuition, will it be tax deductible? How do I use pretax money for his tuition?… read more
HK Tax
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Tax question. My total distribution on my 1099q exceeded
Tax question. My total distribution on my 1099q exceeded qualified education expenses and I have to pay tax on the excess. How is the tax calculated? … 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
Master's Degree
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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.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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My son is getting ready for college, we are getting ready to
Hi, my son is getting ready for college, we are getting ready to pay... :( My question is, we have a 529 plan we are going to use for tuition. Can my wife and I each give my son $10,000 as an annual g… read more
Stephen G.
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You have answered a question by another customer regarding
You have answered a question by another customer regarding the use of 529 plan funds to pay for room and board at a "deferment only" foreign university. My question is somewhat different. Here it is: … read more
Lev
Lev
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A PA taxpayer wants to contribute to a Utah 529 account for
A PA taxpayer wants to contribute to a Utah 529 account for his son & deduct it on his PA-40 individual tax return. I believe PA is a parity state that offers the same deduction no matter which state'… read more
Robin D.
Robin D.
Senior Tax Advisor 4
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American Opportunity Credit question: I'm helping my
American Opportunity Credit question: I'm helping my daughter with her tax. She graduated college in May 2015. Her tuition for the final semester, which began in January 2015, was paid in 2 parts: par… read more
Jason M. Tyra, CPA
Jason M. Tyra, CPA
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Question regarding Tax treatment of tuition payment by
Question regarding Tax treatment of tuition payment by grandparent for boarding school. My son is attending a boarding school. If his grandmother makes tuition only payment directly to school, is it c… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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My son is currently in college. My ex claims him as a dependent.
My son is currently in college. My ex claims him as a dependent. My mom has opened a 529 College fund for my son which pays this tuition. My ex thinks he may be eligible for a college tax credit even … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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My son is heading to college this fall. Hes receiving $25,000
My son is heading to college this fall. He's receiving $25,000 in scholarships from the college, but will have to make up about $35k through federal loans, work study, and money we have saved in a 529… read more
Robin D.
Robin D.
Senior Tax Advisor 4
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One of my sons just graduated from college with $16500 in student
One of my sons just graduated from college with $16500 in student loans incurred over the least 4 years. I would like to use his 529 to pay them off. I assumed that I could do this tax-free and now fi… read more
Lev
Lev
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Bachelor's Degree Equivalent
33,063 satisfied customers
If a 529 college investmake realizes a gain over say 10 years,
If a 529 college investmake realizes a gain over say 10 years, is the recipient whose college was paid from the 529 fund "credited" with the gain as income and required to pay federal income tax on th… read more
Robin D.
Robin D.
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I am using Turbo Tax for my tax return this year. My son had
I am using Turbo Tax for my tax return this year. My son had no income so he will not be filing a tax return for himself. He is declared a dependent on my return and so I entered the information from … read more
Merlo
Merlo
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I have a blizzard of 1099Qs and 1098Ts, and I dont know
I have a blizzard of 1099Q's and 1098T's, and I don't know what to do with them. I have 2 kids in college. My son got a 1098t for $6504.30, my daughter got a 1098t for $8034 (in their names). I have 3… read more
Wendy Reed
Wendy Reed
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I have a son in college. I earn too much to get the Lifetime
I have a son in college. I earn too much to get the Lifetime Learning Credit. I am divorced from his mother. Can I pay the tuition on his behalf and have her take this credit since she earns much less… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
If you recieve a small inheritance where can you put it for ...
If you recieve a small inheritance where can you put it for the best tax advantage--we have a son in college --how about a 529? We are 4 to 5 years from retirement--make over 100,000 a year---We have … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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