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My child attended school in 2019. Tuition was paid with student loans. In 2020 I paid the loans with a 529 withdrawal. There's no 1098-T. How do I enter this?
Child is not a dependent in 2020. I was the recipient of the 529 payment. The amount was $13,493.43. Do I owe taxes/penalties on the $3,493.43 about the $10K loan allowance? How do I enter all this so TurboTax will compute it correctly?
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March 16, 2021
8:20 PM