in Education
When I entered my older son's college expenses, I could enter tuition, housing, and books separately. However, when I entered my younger son's college expenses, Turbo Tax is not offering the same expense categories... I can enter tuition and books, but there is no line for housing.
If I can't enter these expenses, I may wind up paying tax on the 529 plan withdrawals, because the tuition and books don't make up the full amount withdrawn.
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When you enter the 1099-Q in the Deductions & Credits section, TurboTax asks if you were the Beneficiary (No) and if you received a 1099-Q (Yes, you were Recipient). See screenshot.
After selecting the student, the 'student expenses' screen comes up. You are still in the 1099-Q entry area (screenshot).
You should be able to enter Room and Board expenses for both students if they both received a 1099-Q as Beneficiary.
For your first student, you were probably able to enter the Room and Board in the Education section (screenshot).
When you enter the 1099-Q in the Deductions & Credits section, TurboTax asks if you were the Beneficiary (No) and if you received a 1099-Q (Yes, you were Recipient). See screenshot.
After selecting the student, the 'student expenses' screen comes up. You are still in the 1099-Q entry area (screenshot).
You should be able to enter Room and Board expenses for both students if they both received a 1099-Q as Beneficiary.
For your first student, you were probably able to enter the Room and Board in the Education section (screenshot).
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