Parti VI Eduction Expense for block 17, total column and 529 plans column. I've toggled the value from zero to my total tuition amount. Yield vastly different return values. If I input 0, our 529 earning are not taxed. I am assuming it should be calculated from total qualified expenses - tax free assistance. This is my real problem how do i determine this block 17. What does a credit/deduction mean in this case?
We are only eligible for Qualified Expenses 529 plan - looks like turbo tax adds the credit/deduction (line 17) + tax free assistance line (15)= total adjustments (line 19). Total qualified expenses-total adjustments =adjusted qualified expenses. Part VIII looks like it follows the publication.
Appreciate the help.
