Section VI, Line 17 -- TT automatically populates the first column with $10,000, AND I CAN'T GET RID OF IT. Since my 529 receipts exactly equal the qualifying expenses, I'm now being taxed for an "excess distribution" of $10K. PLEASE tell me how to fix this.
Two other problems with this worksheet:
1) The section under Part VI labeled "Qualified Elementary and Secondary Tuition Smart Worksheet" dissuaded me from entering any info on the subsequent lines for several hours -- because my info was for COLLEGE, not Elem & Secondary. PLEASE MAKE THE LAYOUT CLEARER.
2) Part VII - I have checked "Elect the Tuition and Fees Deduction" (the first line 4 [there are 2]), because when I check "elect credit or deduction which results in best tax outcome," my federal and state tax bill immediately increases by almost $1000.
