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Education
Hello, we are trying to use this strategy to maximize the LLC for our daughter. She has already used the EOC credit 4 times. Some of her tuition was paid for using her 529 funds. We want to elect for her to pay the tax on the 529 earnings so we can maximize the LLC. I can't find a way in the turbotax interview to receive the waiver on the 10% penalty, since the funds were used for qualified expenses. The forms mentioned in your response from last year are inaccessible, even using the forms tool. Has it changed since last year? Is the penalty waiver already built in to the algorithm? Thank you in advance.
‎February 15, 2025
9:40 PM