OK thank you. I am still a little confused.
I see on my 1040, $1045 being added from a qualified tuition program as taxable income.
I know you wrote below " When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms." but how ill turbo tax assess this if it's telling me our income is over $180k and we cannot deduct ant college expenses.
You also said I can opt not to enter this, but the check was made out to me, the parent, not the child so won't I get in trouble for not reporting this amount.
This is all so confusing. And very frustrating that nothing for college can be deducted or considered. Does the $180k based on AGI or what the govt looks at as taxable income?
