Ah, I see that there 2 different issues here.
QTRE: Qualified Tuition and Related Expenses.
Education tax credits.
To be clear, I’m asking about the former.
I’ve been putting money into a 529 account.
I withdrew money from there to pay for tuition, housing and meal plans.
In order for the withdrawn money to NOT be taxed, they have to be used for QTRE.
I keep detailed reports of money leaving the 529 plan, and what they were used for.
The 529 account administrator sent me a 1099 with the amount that was withdrawn during 2019… That amount matches up with my records.
However, the 1098-T form from UCLA lists an amount that’s much less (because it only includes tuition) than the 1099 form (includes tuition AND housing/meal plans). Thus my question.
I don’t want the housing/meal plans amount that was paid for from the 529 plan to be taxed. It shouldn’t be.
I hope I’ve cleared it up a bit for you guys.
Thank you,