TurboTax is only looking at the amount from the 1098-T to determine how much was spent on qualified expenses. 1098-T only shows tuition and some fees, but not room, board, or books, which are all allowed for a 529. When I enter the amount from the 1099-Q, it compares that with the 1098-T amount and says the difference is taxable. How do I tell TurboTax about the valid room, board, and books expenses so it doesn't try to treat the difference as income?
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This year, room & board is part of the 1099-Q interview
Where do you start the 1099-Q interview? When I go to the education section, it doesn't let me enter the 1098-T or the tuition paid.
Enter the 1099-Q first, the interview goes smoother
In TurboTax (TT), enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
--Education
--ESA and 529 Qualified Tuition Programs (1099-Q)
Then:
In TurboTax (TT), enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
--Education
--Education Expenses
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