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Education
TurboTax automatically does the calculations once the 1099Q and the 1098T are entered. The result of the excess is reported on Schedule 1 Form 1040, line 8 or Form 1040NR, line 21. If the distribution is subject to the 10% penalty tax, the additional tax is reported on Schedule 2 (Form 1040), line 6, or Form 1040NR, line 57.
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March 12, 2023
7:49 AM