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Education
Student received a distribution from a 529 account during 2023 at which time the student was enrolled in a US Military academy. Understanding is that attendance at a service academy is an exception to the 529 withdrawal 10% penalty, however Turbo tax continues to calculate a 10% penalty although the Student Information worksheet notes in box 2 that the individual attended a Service academy as box "e -military academy is selected". How can the 10% penalty being calculated be removed as this distribution is an exception to the 10% penalty.
March 7, 2024
9:54 AM