trharms
New Member

Education

Farney, THANK YOU from me too.  The process above worked for me also.  I have two kids in college, a 529 for each.  I pay the expenses out of my savings account, and at the end of the year I reimburse myself by taking the appropriate amount out of each 529 and paying it directly to my bank account.  I am the recipient and my SSN is on the 1099-Q as recipient.  The "income" from the 529 matched the expenses i entered and there was no tax impact due to earnings, and it worked even tough my income is too high to take any of the other educational credits.  I agree turbo tax needs to fix this.  Thanks to those who share their solutions here.