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Education
No. The new tax law did not change that.
To get the screen to enter Room & Board, answer yes when asked if you have book expenses. The R&B screen will come up after books.
Alternately, if the distribution, from the qualified tuition plan, was totally spent on qualified educational expenses, you do not need to report the 1099-Q as income. So, just don't enter the 1099-Q into TurboTax. When TT determines that none of it is taxable, there is no entry made anywhere on the IRS tax forms. The only paper work is a 1099-Q worksheet that is not sent to the IRS, but might come in handy if you are audited
To get the screen to enter Room & Board, answer yes when asked if you have book expenses. The R&B screen will come up after books.
Alternately, if the distribution, from the qualified tuition plan, was totally spent on qualified educational expenses, you do not need to report the 1099-Q as income. So, just don't enter the 1099-Q into TurboTax. When TT determines that none of it is taxable, there is no entry made anywhere on the IRS tax forms. The only paper work is a 1099-Q worksheet that is not sent to the IRS, but might come in handy if you are audited
‎June 12, 2019
1:04 PM