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Where in Turbo Tax do I enter Amount Used to Calculate Education Deduction or Credit?
Where in Turbo Tax do I enter Amount Used to Calculate Education Deduction or Credit? I want to make part of our 529 withdrawal taxable so I get the American Opportunity Credit. Turbo Tax is giving me the AOC when I enter that a portion of her scholarships covered room and board, but the 1099Q worksheet is still showing the Total Qualified Educational Expense for this withdrawal is an amount equal to 100% of our withdrawal.
Don't I need to make a portion of that taxable so I don't double-dip with AOC?
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March 7, 2021
8:57 AM