Okay I am still a little confused. If I completely delete the q and t form from my daughter's tax return , she'll get nine hundred dollars and change refunded.
If I add the q and t form to her tax, return ....at least temporarily for whatever reason, perhaps that hold back you were talking about... it reduces her refund to 6 hundred dollars even though it really should not...
If I revisit the education area something pops up at the bottom where I enter some more facts about her education. I. E she's in graduate school. She's a 1/2 time student etc et cetera. And eventually a screen pops up which seems to suggest. I should enter an amount between zero and ten thousand dollars. If I enter zero there her refund goes back up to 9 hundred dollars. I guess this is the equivalent of not entering the q /t at all.
If I however kett in the box ten thousand dollars suddenly her refund is twenty six hundred dollars. Is this because turbotax is somehow taking the $15000 that was tax-free from my 529 plan and having her pay tax on 10000 of it. Thus somehow earning the two thousand dollar credit?
Is there any reason Not to do this. It feels wrong somehow.
