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slf_aar
New Member

Where can I enter the $2400 I contributed to my grandsons' 529 account?

I am unable to find where in Turbo Tax for SC I can enter this amount. I know it is deductible from state taxes.
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2 Replies
Hal_Al
Level 15

Where can I enter the $2400 I contributed to my grandsons' 529 account?

I'm nor familiar with the SC soft ware, in particular, but here's the generic answer:

 

There is no federal deduction for making a contribution to a 529 plan. Some states allow a deduction on the state return. If your state is one, it will come up in the state interview; usually in the "Here's how (your state) handles income differently" section. For a list, see:

http://www.savingforcollege.com/compare_529_plans/index.php?page=compare_plan_questions&plan_questio...

PattiF
Expert Alumni

Where can I enter the $2400 I contributed to my grandsons' 529 account?

In your South Carolina return look for the screen, Here's the income that South Carolina handles differently.  The Education section should be right below Retirement.  [See Screenshot #1, below]

 

If you do not see the Education section there, look up under the screen title.  If you've opened the Education screen before it may appear at the top, for easy reference.  [Screenshot #2]

 

Screenshot #1

 

Screenshot #2

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