billr617
Level 3
02-16-2021
11:05 AM
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Have a client -son has $6633 in box 1 tuition no scholarship full time student. First year of college. Parents AGI $152k. 1099q distribution
form grandparent for $5758 in sons name and SS. When I enter 1099q info it flows to part VIII on student info worksheet but doesn't deduct it from the $6633 tuition. It is still calculating the $2500 AOTC. Am I
missing something or not understanding how the 1099Q works? Any help is appreciated.
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