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NY 529 PLAN NON QUALIFIED WITHDRAWAL
RECEIVED A 1099Q FOR 31,850. ONLY 1,850 WAS USED FOR EDUCATON EXPENSNES. THE OTHER 30,000. WAS NOT USED FOR EDUCATION EXPENSES. TURBO TAX CALC THE TAXABLE PORTION BASED ON THE EARNING AND BASIS ON THE 1099Q. MY PROBLEM IS WITH NYS. IT INCLUDED THE 17,302 AS INCOME BUT THEN THE 17,302 WAS SUBTRACTED OUT OF INCOME. DON'T UNDERSTAND WHY IT IS BEING SUBTRACTING OUT. IT SHOULD BE TAXABLE AND I DONT KNOW HOW TO CORRECT THIS.
March 20, 2024
3:14 PM