the student is a qualified nonresident alien, has qualified education expenses paid entirely with scholarships, has qualified education expenses paid under a formal billing arrangement, or is enrolled in courses for which no aca-demic credit is awarded). My son is a full-time college student. He is indicating that the full distribution went towards qualifying education expenses. Qualified tuition expenses include only tuition paid for the undergraduate enrollment or attendance of the student at an institution of higher education. An example of another cost that may qualify is a student activity fee that all students must pay. Calculate the return. He and the college meet all the requirements for the American opportunity credit. The sections below outline these “qualifying expenses,” when to claim them, and what expenses don’t qualify. A variety of expenses may qualify for the K-12 Subtraction and Credit. Dave chooses to use the remaining expenses that he paid out-of-pocket ($3000) as a Tuition and Fees Deduction. Form 1099-Q and Form 1098-T will list the amount of the 529 plan distribution and how much was used to pay for college tuition and fees, but it is up to the 529 plan account owner to calculate the taxable portion. qualified education expenses and $4,400 for his room and board for the fall 2013 semester. Section B: K-12 Education Expense Credit You must complete the K-12 Education Expense Credit Worksheet on the back of Schedule ICR before completing this section. Line 7a — Enter the total amount of K-12 education expenses from Line 11 of the worksheet on the back of Schedule ICR. In Box 71 - Education code, use the lookup value (double-click or press F4) to select the applicable codes. Is this a bug in TurboTax when it is figuring out "adjusted qualified education expenses" for 529? Qualified tuition expenses. Lines 7c through 8 — Follow the instructions on the form. A qualified education expense is money you spend for college tuition, enrollment fees, and any other expenses that are required for you to attend or enroll in an educational program at an eligible educational institution. Note If you plan to take the American Opportunity Credit, you must select the checkbox on the IRS 1098-T, Box 57. If a student's educational institu-tion isn't required to provide Form 1098-T to the student, Qualified tuition expenses do not include: For the K-12 Education Credit and Subtraction. He figures his American opportunity credit based on qualified education expenses of $4,000, which results in a credit of $2,500. Education Expenses Worksheet for 2018 Tax Year. For qualified expenses paid with his 1099-Q distribution, he enters $5000. Education Expenses Worksheet for 2017 Tax Year To be used in determining potential education credits on 2017 tax return American Opportunity Credit Lifetime Learning Credit Attach a copy of the student’s account summary for each semester (accessible via school’s online portal) to this worksheet. Section B of Schedule ICR, including the K-12 Education Expense Credit Worksheet to claim this credit. Expenses are only eligible for the credit or subtraction if you paid them for a “qualifying child.” When 529 plan funds are used to pay for qualified education expenses there is usually nothing to report on your federal income tax return. In Box 70 - Qualified expenses override, enter the applicable amount. If the credit brings the amount of tax you owe to $0, 40% of the remaining amount of the credit (up to $1,000) may be refundable. He has the following expenses for 2019: (1) tuition $19,560, (2) books and supplies $1,001, (3) room and board $9,504, and (4) computer/software $2,397. 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