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TT says I withdrew too much from 529 - these funds were used for qualified expenses
TurboTax is only looking at the amount from the 1098-T to determine how much was spent on qualified expenses. 1098-T only shows tuition and some fees, but not room, board, or books, which are all allowed for a 529. When I enter the amount from the 1099-Q, it compares that with the 1098-T amount and says the difference is taxable. How do I tell TurboTax about the valid room, board, and books expenses so it doesn't try to treat the difference as income?
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‎January 29, 2020
4:05 PM