Hi everyone:
My full-time college student child prepared their 2024 federal and Michigan taxes with TT. We have a 529 for tuition, etc. We followed TT's directions for both their and my returns using the forms from the 529 plan administrator (TIAA) and the university, but the state is now claiming we owe more tax due to some error I don't completely understand. Does anyone have any clues? Has anyone else had issues with managing 529 withdrawals when preparing returns? I do recall TT wasn't very clear on exactly what to do while entering this data, but in the end, TT determined the return was correct, and so we filed it.
Now, the state feels otherwise, and I cannot determine if their claim is correct or why. Lastly, if I need to, does anyone know where I might have someone well-versed in 529 plans evaluate the return and this letter?
Thanks in advance!!
