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New Member
posted Jun 3, 2019 5:26:59 PM

Are 529 funds used to purchase a computer for my son in college deductible?

I withdrew 529 funds to purchase a laptop computer for my son's use at college.  When I enter this amount in TurboTax in the appropriate field associated with the 1099-Q for that 529 account and click the Continue button, the software immediately clears that field and makes me pay taxes on that amount.  How do I deduct the cost of the laptop?

0 2 841
2 Replies
Alumni
Jun 3, 2019 5:27:00 PM

I fail to get how TurboTax "clears" an entry field

Alumni
Jun 3, 2019 5:27:02 PM

See comment/question above.