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Level 2
April 17, 2023
Question

Where in turbotax to list medical college room & board expenses ?

  • April 17, 2023
  • 3 replies
  • 2 views
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3 replies

DoninGA
Level 15
Level 15
April 17, 2023

Room and board are not a qualified education expense.

Level 2
April 17, 2023

This is not true for 529 plans

as they allow qualified room & board etc deductions

Hal_Al
Level 15
Level 15
April 17, 2023

If you are claiming room & board for a 529 plan distribution, you must enter the 1099-Q before your enter the 1098-T. Otherwise TT will not give you an entry point for room and board. Once you do that, to get the screen to enter Room & Board, answer yes when asked if you have book expenses, in the education expenses section. 

Level 2
April 17, 2023

Please refer to the student info worksheet

under part viii 

item 2, h for input

Level 2
April 17, 2023

I omitted noting the expenses were intended to offset a 529 plan distribution ....

(If not offset, all/part of the distribution is taxable).

..

to list, see the dependent worksheet, part VIII qualified tuition program (section 529 plan)

Item 2, line h

 

then no taxes due on the 529 distribution