In the Education section, I entered 1099-Q first and then 1098-T. Though there was a check box in the step-by-step that asked whether 529 funds were used to pay loan, there was never a request for amount. So, how does Turbo tax know how much of 529 funds were used to pay loan? Because this amount should be used for the tax break. Also, I see earnings reported on this form. Shouldn't this be tax free? Is Turbo Tax treating it as such?
Hopefully, I make sense. Otherwise, please notify me by replying to this message.
