valeriefields1
Returning Member

Education

Surprise! One last question (Maybe) ...I'm doing the Connecticut State Tax and this question came up...

 

"ENTER EDUCATION TRUST DISTRIBUTIONS

Include the amount of any distributions from the Connecticut Higher Education Trust Fund (CHET) that were included as taxable income on your federal return.

 

Note: CHET distributions are not taxable on your federal return if the distribution is used to pay for qualified higher education expenses.

 

Amount of CHET Distributions ___________"

 

Q:  Since I took advantage of the the Lifetime Learning credit instead of the CHET advantage, i'm guessing the distributions from the CHET are included as taxable income on the federal return.   So do you agree I would need to put the gross distribution amount (9363.99) as the "Amount of CHET Distributions"