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Education
Thanks for this insight. By answering the interview questions and entering the tax forms I had (1098-T and 1099-Q) 2022 TurboTax wrongly calculates that a 529 distribution is in excess of college expenses – causing a substantial excess tax payment. The workaround requires setting the tax credit to $0 in the forms (Student Info Wk, Part VI, line 17 'used for credit').
March 19, 2023
3:55 PM