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Education
Two options:
1. If part of the Q will be taxable, enter the Q first then add the expenses. As you go through the program, it will ask about room and board.
2. If the Q is fully used on 529 qualified Room and Board (including students living at home) and Qualified Education Expenses - Internal Revenue Service then the nontaxable transaction should not be entered. IRS Publication 970, Tax Benefits for Education states:
Page 45: Don't report tax-free distributions (including qualifying rollovers) on your tax return.
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‎April 14, 2025
5:07 PM