Education
On your following comment:
DO NOT ENTER EXPENSES SUCH AS ROOM AND BOARD WHICH DO NOT APPLY TOWARDS AN EDUCATION CREDIT.
Your comment is only partially correct because it is short-sided. In almost all of employee responses in various posts, they focus on the education credit but missing another very important element which is about offsetting the 529 distributions against ALL of qualified education expenses, including Room & Board. If the taxpayer does not include the Room & Board expense (as you suggested) which is a huge amount, any 529 distributions used to pay for this qualified expenses will not only become taxable income but also subject to 10% penalty!
Room & Board expenses, up to the amount published by the college as part of the Cost of Attendance (COA) are QUALIFIED education expenses, allowing one to use their 529 distributions toward it. Therefore it is imperative for TT to allow the user to enter their Room & Board expenses [as well as any other qualified expenses].
The image below explains the QUALIFIED expenses for the purpose of 529 distributions that the taxpayer should be allowed to enter. The red box shows what is now missing. It worked perfectly well up until this year.
