jlar
Level 3

Education

@confusedrf  - thank you for providing me a good laugh. I really needed that!

 

I don't think you got hit with the extra taxes and penalties from entering the 1099Q that I'm getting. It's almost $1000 extra tax.  Again, TurboTax could be more clear I think...

 

So maybe it's back to "Don't report the 1099Q" anywhere! And maybe there's some wisdom in that simplicity. I used 529 dollars exclusively for paying for college tuition. There should be no penalties or extra tax on that. PERIOD. It's this dang AOTC and the 'fear of double dipping' that is confusing things I think.