470pitt
Level 3

if a 1099q comes in the students ss number should he report it on his tax return and if so why is he being taxed on the earnings when all money was used for school

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Terry53029
Level 14
Level 14

could be you incorrectly entered it in the software. Need a lot more info to help

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Just-Lisa-Now-
Level 15
Level 15

You didnt include what software youre using, but if its ProSeries, you need to scroll way down the Student Information Worksheet to part VIII and input how much was used for school.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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470pitt
Level 3

he is being claimed on his parents return so should I fill out a student informational worksheet?

thank you

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Just-Lisa-Now-
Level 15
Level 15
The 1099Q belongs on the parents return then.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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