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Retirement tax questions
Interesting! Makes sense. My name is on the 1099-Q and I pulled the distribution to my checking and from there paid the university. Good to know as I have two boys yet to attend college. Turbo Tax did say I qualified for the American College Credit (is what i think it is called). Turbo tax did suggest that reflected the greatest deduction but I did not add other qualified expenses. I know that College Credit is only allowed once per person and am not sure when is the best time to use it. We already expended the entire 529 as it was only approximately $24,000
‎February 5, 2025
5:31 PM