markjb
Returning Member

Education

Hi,   I entered $12,000.00 in room and board line item, however,  my Federal Taxes did not go down.   Please understand YES I did use a 529 distribution (recorded on 1099-Q( to pay for these expenses,   which I thought allowed for a deduction.   Reference Turbo Tax: The one exception is if room and board was paid for with a Coverdell ESA or 529 plan distribution.  In that case, the cost can be deducted from the taxable portion of the distribution.