My first 1099-Q. It was addressed to the student with her SSN. Do I not report it anyplace on her return if her qualified expenses (in short, tuition plus room & board) are less than her distribution? What do I need to watch for in the way of scholarships or refunds that show on her transcript?
And, it's still possible mathematically for Mom to take an education credit, right? I'm setting up the computation as in TTB.
Every client I start has something in their file that's new for them for 2012. I love new things, but not new everything! It's making all my estimated completion times way too optimistic.
And, it's still possible mathematically for Mom to take an education credit, right? I'm setting up the computation as in TTB.
Every client I start has something in their file that's new for them for 2012. I love new things, but not new everything! It's making all my estimated completion times way too optimistic.
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