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Can I deduct tuition paid through a 529 plan?

 
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KenH1
New Member

Can I deduct tuition paid through a 529 plan?

You don't exactly "deduct" it; you enter the 529 distribution in the Education section, and then claim the tuition, fees, and room and board.

First enter the 1099-Q (for the 529 distribution) in:

Deductions & Credits > Education >  ESA and 529 qualified tuition programs (from 1099-Q)

Then enter the qualified educational expenses:

Deductions & Credits > Education >  Expenses and Scholarships (Form 1098-T)

This will offset your qualified distribution from a 529.

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1 Reply
KenH1
New Member

Can I deduct tuition paid through a 529 plan?

You don't exactly "deduct" it; you enter the 529 distribution in the Education section, and then claim the tuition, fees, and room and board.

First enter the 1099-Q (for the 529 distribution) in:

Deductions & Credits > Education >  ESA and 529 qualified tuition programs (from 1099-Q)

Then enter the qualified educational expenses:

Deductions & Credits > Education >  Expenses and Scholarships (Form 1098-T)

This will offset your qualified distribution from a 529.

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