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Entering 1099-Q in turbotax
I received distributions from a 529 plan, and all the money went to qualified education expenses (tuition, rent, food, etc.). If the $12k distribution is less than the $15k adjusted qualified expenses (total qualified expenses minus scholarship) .. do I have to enter 1099Q info in turbox .. or can I skip that section and just keep the documentation in file in case of audit? I wish the turbotax section made this clear.
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March 1, 2020
4:50 PM