Box 2 of 1099-Q is $14633.59. I believe our tax rate is 24% (if I read the chart correctly).
I did find the question about paying Room and Board with scholarships. I entered the amount we paid and it didn't change anything as you stated TT had already calculated that amount. I cannot make up an amount and enter that for Room and Board in case I got audited, correct?
I don't mind paying the taxable amount on the 529 withdrawn to match the scholarships, but I don't like that it is at our tax rate and not his as he is filing his own return. That doesn't seem right and what I can't understand.
Thank you.
