529 plans and qualified expenses

Forum|Forum|6 months ago
February 1, 2026
1 reply
12 views

If there is a known glitch in TT regarding the entry of expenses as offsets against 529 plan disbursements, how will we know when it has been fixed so that we can complete our taxes.

AmyC

Level 15

The program is looking for taxable income when a Q is entered. If the 1099-Q is not income, it should not be entered. Tuck the 1099-Q into your tax folder. IRS Publication 970, Tax Benefits for Education states that nontaxable distributions should not be entered.

If your 1099-Q was not completely used for education expenses and room and board, then the taxable portion of the program is working. Please reply with the issue you are having for us to further help.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"