Hello, I am uncertain what to do with the "choosing a larger education credit". I used money from the 529 to cover tuition, books from amazon, meal plan and parking.
Here are my details:
| 1098T box 1 | 9015 |
| 1098T box 5 | 2875 |
| 1099Q box 1 | 9517 |
| 1099Q box 2 | 3130 |
The turbo tax box is pre-populating the amount used to calculate education credit as 6,383. Should I updated this to 4,000? This affects my federal tax due, but I'm scared to think I owe less if I enter this amount wrong.
