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Level 2
Oct 13, 2024 8:18 PM UTC
Solved

529 withdrawal

I entered the amount on the 1099q.  TurboTax lists it in schedule 1 as other income.   I entered my educational expenses from my 1098T forms into TurboTax.   They are more than the payment received on the 1099q.  But I don't see any of that expense reflected in the actual IRS forms.   Did I do something wrong?   Why does TurboTax show the 1099q amount as income on schedule 1?

    2 replies

    Level 15
    Oct 13, 2024 8:24 PM UTC
    No text available
    Kevin381AuthorAnswer
    Level 2
    Oct 13, 2024 10:29 PM UTC