Hope im not duplicating. I opened a 529 for my son many years ago. This year i withdrew 66K for tuition and books. For some reason when i enter the 1099-Q my federal and state taxes go up. I am the recipient, my son is the beneficiary and hes also a dependent on my taxes. I answer the questions and note all funds withdrawn were for educational purposes. Any advice that falls inline with tax laws would be appreciated. im more of an ask for permission guy vs ask for forgiveness. im thinking i must not know something that turbo does, so just pay the extra taxes. thank you
