Education

thanks Dave,  I just try to see how TT handles the cost/deduction, and it seems it does not apply it correctly...

here is what I was doing

- go into Federal deduction - education section

- enter receipt of 1099-Q from 529 plan - at that point the expenses (income portion) is treated taxable - ie refund gets reduced

- after initial few questions, I am getting to the 1098-T

- since for this pgm they don't provide 1098, so I say no

- on next page I say that an exception apply (assuming that school is not required to send 1098)

- I get some monies credited back , but not as much as was reduced before

and on summary form it stated that neither AOC, LLC nor tuition/deduction (form 8917) does not apply

 

what should I make of this?