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Returning Member
posted Oct 13, 2024 1:18:50 PM

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?

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1 Best answer
Returning Member
Oct 13, 2024 3:29:02 PM
2 Replies
Level 15
Oct 13, 2024 1:24:23 PM

Returning Member
Oct 13, 2024 3:29:02 PM