Question

Need I report RESP EAP in my 1040?

Forum|Forum|4 years ago
April 6, 2022
1 reply
0 views

I get RESP distribution(EAP) for university education, NR4 is issued, need I report it as income?

Parents are grantors, they reported RESP income and paid tax in annual return. I'm beneficiary.

You report any amount greater than your education expenses as income.

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L

luol2016Author

I get 9k in EAP, tuition is around 20k per year.

So I needn't report it?

R

RobertB4444

No. You don't need to report it. You should enter the amounts on the 1098-T from the university so that you report the tuition that you paid and the scholarships that you received and no one expects you to report more.

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Need I report RESP EAP in my 1040?

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