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Education
did you report the computer expenses?
can you share some of the numbers that makes you believe TT did not deduct the computer expenses from the 1099-Q?
the expenses don't come off 'the taxable amount'; they come off the BOX 1 entry. What did you mean by 'the taxable amount'?
Let's say the 1099-Q distribution was $5,000 (Box 1) and $1,000 (box 2) and you had $3000 of qualified expenses and that is all. Then that would leave $2,000 or 40% of Box 1 with no expenses (i.e. too ,much was distributed). that would mean that 40% of the $1000 from Box 2 would be taxable.
‎February 2, 2020
11:39 AM