sjudge343
Returning Member

Education

Box one on the 1098 – T was $6154.11

Box 5 for the scholarship was $3500.

our daughter was the recipient it was her Social Security number on the 1098

 

we took a withdrawal from her 529 plan for the amount of the scholarship $3500.

 

I am trying to figure out how to file my return in TurboTax such that the $3500 gross distribution Earnings portion of 1086.67 is not subject to the 10% penalty On 529 with drawls. I am struggling with how to complete this in TurboTax as the return is showing the 10% penalty