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How do I enter the amount of the scholarship?
I withdrew from a 529 the exact amount of a tuition scholarship - the student was the recipient. The Tuition and other qualified expenses were already paid by the 529 (to me, and I made the payments) This should be very clean - no 10% penalty to her, and the earnings on the 28K distribution amounted to $9996. Where do I enter the $9996? I entered the 1099Q entirely, but nowhere does it ask if she received a scholarship. Can I delete the 1099Q entries and enter the earnings portion directly in any other section? TT is not great with college exps and 529s, sadly. TIA.
‎April 18, 2022
10:39 AM