TurboTax Deluxe 2020 is calculating 529 plan excess distributions that exactly equal a student loan payment of less than $10,000 that I made with 529 funds. According to the Secure Act of 2019, student loan payments of less than $10,000 should be qualified education expenses. I haven't paid other student loans, so I have not exceeded the $10,000 limit. The excess distributions are applied to multiple 1099Qs and then I'm taxed and penalized 10%. The loan payment is reflected in Part VIII of the Student Info Worksheet, so I don't understand why is is not applied as a qualified higher education expense. Perhaps I did something in the wrong order? I'm wondering if I should delete the 1099Q for this expense or delete all forms for this student and start over. Any suggestions? Thank you!
