I have a daughter who is now a college freshman, and went to a private high school for the first part of 2023. I used 529 dollars to pay for both. Someone please correct me if I'm wrong, but I believe there is a $10000 annual limit on 529 dollars used for K-12 expenses, but there is no such limit for secondary education. Is that accurate?
If so I believe TurboTax has a problem when I check both checkboxes for "Attended high school in 2023" and "Attended college/vocational school in 2023". I have roughly $15K in 529 dollars I've used, and TurboTax looks to be enforcing the 10K cap on these dollars due to the K-12 limitation. When both of these boxes are checked TT should breakout the K-12 expense and secondary expense.
Due to this (what appears to be a) bug TT is telling me I need to pay tax on the roughly $5K over the $10K limit, when in fact all $15K should be allowed.
Does someone know how I can work around this? I started looking at some other posts here, and read a few, so if I missed someone else posting this I apologize. I'll continue searching after I post this.
Thanks.
