My Coverdell 1099Q matches what I paid out of pocket … most of which matches what the school says I paid on the 1098T. My kid also got a scholarship that isn’t included in the amount I paid (as it shouldn’t), but I can’t zero out the tax from the 1099Q without jacking up the expenses well beyond what I paid out of pocket. It leads me to believe Turbotax is netting the scholarship against the amount out of pocket … which it shouldn’t be doing. I have used Turbotax for almost 20 years. Anyone else have this problem or does anyone have any thoughts?
