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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?
‎February 13, 2020
2:47 PM