MN State 1099-Q

Hi,

 

Filling out our MN state return in Turbotax Premier.  When I fill in the amounts we contributed to the 529 plans for the year, the software gives me credit (reduces the tax I owe).  However, when I enter the amounts from the two 1099-Q forms we have (and enter 0 for amount not used for qualified expenses), it nullifies the benefit we would have received from the 529 contributions.

 

Why is that?