Education

Oh man, fully agree.  It’s a TurboTax issue.  I too have exceeded the income limit and I believe I’m getting taxed on the $10k that I’m not eligible for!  I noticed that my tax burden increased by about $2000 which makes perfect sense when considering the $10k.  I am entering my data into HR Blocks software, and so far I haven’t been asked to enter the 1099Q, only the 1098-T.  To confuse matters even more, the university told me that they do not include Room and Board in 1098-T’s which makes it look even more like ones qualifies  distributions are more than qualified expenses.  Room and Board is definitely allowable as 529 expense for college tuition.