Education

Try following these steps to enter your 1099-Q and 1098-T in TurboTax.  You will enter the exact amounts as they appear on your forms.

When entering education expenses enter your 1099-Q first.  Then enter ALL education expenses in the 1098-T section in TurboTax.  This includes tuition, books, room & board, supplies, and fees.  

As long as the education expenses (after grants or scholarships are deducted) are equal to or more than the 1099-Q total distribution, then there will not be a tax implication on your 529 Plan distribution.

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