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Education Expenses not being applied toward 529 distribution
I claim my 22-year old as a dependent. He files his own taxes due to unearned income. He also reports his college tuition via 1099-T on his taxes as well as his 1099-Q for same exact amount of distribution from a 529 fund. Why is turbo tax producing a tax return that shows he’s being taxed on excess distribution? It’s like it’s not recognizing his education expenses.
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April 9, 2024
8:30 PM