I received my 1099-INT form and it had the US Bonds I cashed in for child in Box #3. I used the program and it stepped me through the process.
Window : Respond Ed Expenses
- I put in Qualified Education Expense = 24K
- Non-tax = 0
Window: Additional Bond Information
- Total Received = 20K (received from cashing in the US bonds)
- Paper Series...20K
- Remaining I left blank.
I was surprised by the last window: Exclusion Amount ZERO.
Did I make a mistake or did the government set a limit on income to use these.
Thank you for your help!
