TT really dropped the ball on Education expenses and credits. When I checked all forms after completing the usual interview, TT assigned all Education items to my older child, who has been out of school now for 2 years and wasn't even part of the interview, instead of my younger child who was the only one mentioned in the interview input. Second, TT calculated some excess distributions from my son's 529 that were thus added to my taxable income and assessed the 10% penalty. But I had NO such excess distributions, so I had to override some of the inputs. I am a financial advisor, and have taken education credits now for the 8th and last year of my childrens' college expenses, so I know what I am doing and am very familiar with 529's and the American Opportunity Tax Credit; thus I definitely have never taken excess distributions from any of my kids' 529's. Anyone else experienced something similar? Beware of this, and make sure you thoroughly check your work before filing if you have higher education expenses and credits!
