You do not need to apply it to a loan. If you took a distribution from a 529 plan, you would have received a 1099-Q. If you used the funds for educational expenses, you do not have to enter it, as it would not be taxable. If you used the funds for things other than education expenses, and need to report it some of it as income, see this TurboTax FAQ.
If you have a 1098-T or need to report education expenses or scholarship income to report, please visit the Education section of TurboTax. Search for education or you can search for 1098-T, and use the jump to link.
Education Credits
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
