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Education
It is May 2021, I am using Turbo Tax Premier 2020, and I am having this same problem: My AGI is too high and TurboTax is applying 1099-Q distributions as income when there were ENTIRELY used for qualified expenses. According to IRS Pub 970 pages 59-60, there is no such AGI limit. I have tried to use the steps people described in June 2019, but I cannot find the "Amount Used to Calculate Education Deduction or Credit" anywhere in my version. The cost to me in reduced refund is about $6000!!!! haven't even looked at my 2019 returns yet (although I recall struggling with similar problems and thought I had figured it out). Someone from Intuit -- please help - THIS IS INSANE!!!
May 15, 2021
2:20 PM