See above post...please comment. What is confusing...assuming I can do everything in the above post....when I put in 10,000..what additional revenue gets taxed? 10k or just the 3 k in earnings shown on the Q from the 529 plan. It feels like it's trying to award 2k credit if I show 10K out of pocket for the year...the out of pocket can not include anything that grew tax free over tim in the 529 plan? And of the 15 k distribution I think the q form is saying I put 12k basis in of my money that grew by 3k earnings.....?
