For College Expenses, we list-
Tuition 4,054,
Books and Materials 1,853,
Room and Board 3,741
scholarships at 333.
So the total minus the 333 scholarship should be $9,315. $4000 was used for the American Opportunity Credit. There should be $5315 left to use as qualifying payments for our 1099-Q (or 529-plan). The 1099-Q is in the amount of $4095, leaving nothing taxable. Turbo tax is only moving over the room and board amount of $3741 to the 1099-Q worksheet leaving my son with a taxable amount of $165. Why doesn't the full $5315 auto fill into the worksheet leaving a taxable amount of $0? Can I manually change this or is turbo tax correct in only allowing the $3741?
