Hal_Al
Level 15

Education

 "entered in my 1099Q form under my income"

 

The 1099-Q should be entered at Deductions and credits/ education, not in the income section.

 

The SECURE act, signed 12-20-19 allows 529 plan money to be used for student loan payments.  Even though you may not be affected, the program is. https://www.savingforcollege.com/article/new-law-allows-529-plans-to-repay-student-loans

 

Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room & board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. You cannot double dip!  When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry.