My dependent son had $1,000 reported by community college on 1099-T for 2023. And we paid for this expense using 529 funds so as his parents we were issued a 1099-Q showing $600 of principal and $400 of earnings.
When I enter this in TurboTax why is my tax obligation increasing? This are qualified withdrawals used for education expense.
Maybe I'm entering the data wrong so guidance on where/how to correctly populate the information is appreciated.
Our income disqualifies us for any education credits to my knowledge.
