Question

If my 529 ran out and I ended up paying towards tuition where do I put that

Forum|Forum|4 years ago
February 26, 2022
1 reply
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General question. Let's say I wrote a check for part of my daughter's tuition.... In other words it did not come from her 529 plan. Where do I enter that. It feels like that should factor into my expenses for the year no?

TurboTax Home & Biz Windows

ColeenD3

You can take an Education Credit for the amount you paid out of pocket. Ideally, you have a Form 1098-T.

Here's how to enter your 1098-T:

Open or continue your return
Select Search and search for 1098t
Select the Jump to link in the search results
On the Do you want to enter your higher education expenses? screen, answer Yes
Answer Yes to Did you get a 1098-T for the year? and Continue
On the next screen, you can choose how you'd like to add your 1098-T. You can upload a digital copy from your computer or type it in yourself. Select which option you'd like and Continue
If you need to enter a 1098-T for someone else, continue through the screens until you get to the Your Education Expenses Summary screen, then select Add A Student

Some important tips about entering this form:

Enter your 1098-T exactly as is, even if the amounts are wrong (this is common). You'll get a chance to correct this info and enter additional expenses later on
Leave blank boxes blank. Don't enter 0 for any blank boxes on the form, as this generates errors
Parents: If the student listed on the 1098-T is your dependent, enter the 1098-T on your return, even if your dependent paid the tuition
Students: If you're not being claimed as a dependent, enter the 1098-T on your return regardless of who paid the tuition, unless it was your employer. In that case, just keep the 1098-T with your tax records
TurboTax Free Edition doesn't support Form 1098-T

C

confusedrfAuthor

If I may I entered the queue and T forms depending on what word are you enter things I either get back 1500 $2,000 or 2500.. this is nuts! So I've been spending some time reading documentation on all this...

The T form shows payments received for qualified tuition and related expenses. That does not include books that I purchased for my daughter with cash out of my own pocket. Where would I enter that?

C

confusedrfAuthor

My daughter is a dependent by the way I enter the q&t on my tax return nothing on hers.

Now I did find an area to enter books but when I click the little help link it says I can only enter book expenses that she bought directly from the college IE those books had to be purchased from the college. I have never had to buy a book from the college I always buy them on Amazon does this not count towards education expenses somewhere it's not included on the T form?

Thanks;!!!