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Enter the 1099-Q*, before you enter educational expenses.
Assuming the student is yourself or your dependent:
In TurboTax (TT), enter expenses at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Education
--Education Expenses
*In TurboTax (TT), enter the 1099-Q at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Education
--ESA and 529 Qualified Tuition Programs (1099-Q)
THAT WAS A GOOD ANSWER! I discovered, in speaking with a TT Advisor, that my mistake was in not recognizing that a 529 Plan was also a "QTP" (qualified tuition plan, duh) and consequently in answering that question with a "No." Had I answered the question "Yes" then TT would have conducted me to a screen for listing and deducting my 529 school expenses, as explained by Hal-AI. TT needs to add "529 Plan" to the question to help dummies and the inattentive get it answered properly!
Enter the 1099-Q*, before you enter educational expenses.
Assuming the student is yourself or your dependent:
In TurboTax (TT), enter expenses at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Education
--Education Expenses
*In TurboTax (TT), enter the 1099-Q at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Education
--ESA and 529 Qualified Tuition Programs (1099-Q)
THAT WAS A GOOD ANSWER! I discovered, in speaking with a TT Advisor, that my mistake was in not recognizing that a 529 Plan was also a "QTP" (qualified tuition plan, duh) and consequently in answering that question with a "No." Had I answered the question "Yes" then TT would have conducted me to a screen for listing and deducting my 529 school expenses, as explained by Hal-AI. TT needs to add "529 Plan" to the question to help dummies and the inattentive get it answered properly!
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