- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
529 withdrawal for non educational expense because of scholarship
My son has a full scholarship for his college expenses. I withdrew money from the 529 plan, where he is listed as beneficiary, for my own use. I understand that I will have to pay taxes on the earnings portion but should not be subject to the 10% penalty. How should I enter this in turbotax?
‎February 21, 2022
1:14 PM