taxiowa
Level 9
04-13-2024
02:02 PM
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While it is true nothing gets sent with return, it always good to show your work. This involves contacting parents and student to see how much tuition and room & board was incurred. Then finding out how much parents used for tuition credit and how much either already offset against savings bonds or their own 1099-Q. You get to use whats left to offset your earnings.
Entry on top line of Q worksheet is beneficiary is someone else. Below the distributions from death there is tab for other student worksheet. Fill this out with amount used by others on line 17.