OMG! You have to be kidding me!
This is a serious problem, I ran into the same thing every year - to the point I was arguing with someone about 529s being tax-deferred and not tax-free. I found that I was WRONG and then found this thread because again, I'm filling out the form using Home & Business and sure enough, it adds significantly to my tax bill after I finish the 529.
I see NOWHERE in Turbo Tax telling me I shouldn't put it in if they are qualified, which they are. You have to be KIDDING me. Why isn't there a button "did you use all of these funds for qualified education expenses?" - and if you click "yes", it doesn't add to the tax. OR ask me "what it
Lifetime user of TurboTax and I just lost complete faith in the product. Now I need to go back over the last 3-years and figure out if I paid too much and if so, file a correction? What a waste of time and money.
Please tell me I am not understanding?
