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Education
The other answer is about the penalty exception for taking an IRA distribution for education.
Are you asking about the penalty exception for a 529 plan distribution? You claim the exception on form 5329.
If you enter the 1099-Q and then all your expenses, TurboTax (TT) can theoretically handle that. But it can get messy. If you need a workaround, reply back for details or see the links below. Indicate whether you are using the scholarship exception or the tuition credit exception.
‎February 11, 2025
2:21 PM