Hi Amy,
I appreciate you continuing to respond and try to help me.
I find it a little aggravating that by using the override to fix a bug in turbo tax, it would be voiding an accuracy guarantee that Turbo Tax has already failed by virtue of my having to override a value that is clearly wrong.
Having said that. I am unclear what I should do to get an accurate return.
My 1099Q shows these values in boxes 1-3:
1) $26904
2) $19254
3) $7650
None of those values are explicitly a "Taxable Amount"
The 1098Q shows
Box 1 $26570
Box 5 $4334
The box 1 amount must reflect only tuition because I paid $45k in tuition room and board after the scholarship adjustment.
Turbo Tax does not provide me a way to enter qualified expenses. You have mentioned that repeatedly but I've not been able to get TT to ask me those questions, but the simple answer is 45k.
So, I am unsure if I should enter the 1099Q and then manually force the 45k value into the QTD worksheet, or if I should just leave all of these college disbursements out since I spent more than I withdrew and TT does not handle the data properly.
When I enter the 1099Q and 1098T, the 1098T value is reduced by 10k and reduced by the scholarship. For my case, both deductions of the college expenses are incorrect.
I would greatly appreciate some advice on how to get TT to produce an accurate return for this data.
C-
