We are the parents of two college students (dependents) doing taxes for the second year. We received 1098-T from two schools and box 1 of both are correctly stated for the amount paid by us. But we used 529 distributions to pay for just about all of those qualified expenses.
We entered 1099-Q in TurboTax and it wiped out any refunds we had. It worked out as if 1099-Q became income. TurboTax is not doing a good job guiding and sorting out 1098-T and 1099-Q. Do we file 1099-Q and what did we miss during TurboTax steps to get this confused? Thanks.
