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529 Plan for my spouse
My wife is getting her Doctorate and so we transferred some of our children's 529 money into a 529 account in her name. Then we took a distribution this year for her tuition. TurboTax is not recognizing this as an authorized distribution. It is listing the earning portion of the distribution as taxable income. In the section of TurboTax where you normal enter the education expenses (tuition, books, room and board, etc.) that option does not even pop up for my wife. What am I doing wrong?
‎April 7, 2023
3:39 PM