Thanks for the detail answer. I need to clarify one point from your answer
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You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip! When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms.
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in my case tuitions are fully paid and paying room & boarding to school from 529 plan. I hope It is a qualified distribution.
>>When the box 1 amount on form 1099-Q is fully covered by expenses.
Box1 Amt is fully paid to school for room/boarding/admin fees. Not sure why TurboTax is calculating tax on earning. It is not calculating correctly. As you said, I will delete the 1099Q from my daughters return. I’ll Keep 1099T in my return only.
another question? Last year I had included 1099Q in my return ( fully qualified) instead of adding that to my daughter’s return. Will that cause any issue? Actually, TurboTax allows to enter 1099Q for dependents (beneficiary) in parents return.
