The 1099-Q is already entered from when the taxes were done in 2018. I can access it in Form View but cannot edit the amounts for “Qualified Higher Education Expenses applied.” Would I have to delete and re-enter the 1099-Q?
I did try entering $3,869 at the end of the Education section when it asks for the "Amount used to calculate education credit?"
After that, TurboTax created Form 5329 Additional Taxes on Qualified Plans with the following:
line 5: Distributions included in income from a Coverdale ESA, a QTP, or an ABLE acct $555
C Included because beneficiary received tax-free scholarship or other assistance: $425
E Included only because qualified expenses were taken into account in determining AOTC: $130
line 6: Distributions included on one 5 that are not subject to the additional tax: $555
line 6: Amount subject to additional tax: $0
line 8: additional tax: $0
Does this look correct? Or should I go back and re-enter the 1099-Q?
Thanks again for all the help!
