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Deductions & credits
I have the same experience. First, I input 1099-Q, then followed with 1098-T and room & board expense (qualified education expenses). My version of turbotax premier shows i owed $1,200, even though the amount in 1099-Q is exactly the same as tuition + room & board costs. I am convinced that turbotax is wrong. When i called turbotax supports, their suggestion is to talk to CPA.
March 23, 2022
8:27 PM