@Hal_Al thank you for the in depth response - appreciate your time.
Want to confirm a scenario with you:
If the 529 owner (mom) was the recipient of the distributions, the 1099Q will go on her return. If my wives name is on the 1099Q, we will file the paperwork and it should be on our turbo tax filing.
Are you aware of any information on how much tuition I should claim for the LLC or how large that deduction below? For example, I see below you had put $4k - is that the max credit you can apply for here? If I don’t have a tax liability (ie I’m allready receiving a return) is it worth filing for the LLC?
