Hello,
My Name is {PII Removed}
I have Turbo Tax Deluxe and I have 1099Q forms to enter from a Coverdell distribution. I am the owner and my son {PII Removed} is the Beneficiary. I also have a 1098T form from his College Montclair University.
When I click Me {PII Removed} as the owner and {PII Removed} as the student Turbo Tax charges me tax on the entire distribution and it does not allow me to enter the 1098T form.
When I click on {PII Removed} as the owner and {PII Removed} as the student Turbo Tax does not include the 1099Q distribution in the tax return.
I am extremely confused. We took $6000 in distributions and payed $6985.00 in Tuition. This is a qualified Distribution. Please help me enter the information in Turbo tax to properly reflect these transactions.
Thank you
{PII Removed}
