Hello -- good discussion on 1099-Q.
I ran into a strange scenario when entering 1099-Q info for my 2020 return. My federal tax refund DECREASED when I entered a (non-zero) value for box 2 earnings. Why did this happen? All of the 529 distributions (box 1) are for qualified educational expenses. I was expecting that entering form 1099-Q info shouldn't have affected my federal refund at all. Is it a bug?
Because of this, I am not entering any info for 1099-Q this year.
