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TurboTax uses parts of your dependent's college expenses to claim the Tuition credit. That reduces the amount that can be used to claim the 529 earnings, shown on the 1099-Q, as being totally tax free.
For more detail, see:
If your income is too high to be eligible for a tuition credit, see this TurboTax FAQ for a work-around: https://ttlc.intuit.com/questions/4451709-why-is-the-529-distribution-from-my-1099-q-showing-up-as-t...
TurboTax uses parts of your dependent's college expenses to claim the Tuition credit. That reduces the amount that can be used to claim the 529 earnings, shown on the 1099-Q, as being totally tax free.
For more detail, see:
If your income is too high to be eligible for a tuition credit, see this TurboTax FAQ for a work-around: https://ttlc.intuit.com/questions/4451709-why-is-the-529-distribution-from-my-1099-q-showing-up-as-t...
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