taug24
Returning Member

Get your taxes done using TurboTax

Hi there,

 

In the event part of the distribution was used for educational qualified expenses and part was not, which option should be selected within Turbo Tax?

 

  • This distribution was used for qualified educational expenses
  • This distribution was not used for qualified education expenses

It seems that selecting the option that it was not used for educational expenses ends up causing more taxes to be owed. I would like to think that Turbo Tax is applying all of the distributions to your listed education expenses, and if over, it is applying taxes appropriately. As such, I believe option 1 seems correct even though some of the was not used for qualified education expenses. Please correct me if I am wrong and should choose option two instead.

 

Thank you for all your help,

taug