Hal_Al
Level 15

Retirement tax questions

There's a glitch in TT.

But there's a simple fix: just don't enter either the 1099-Q or 1098-T. When the box 1 amount on form 1099-Q is fully covered by qualified educational expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. 

Another way, if you have already entered: Go through the education section again. When you get to the screen that says “Here’s your Education Summary”.  Click edit next to “Education Information”. When you get to the screen titled “Amount Used to Calculate Education Deduction or Credit”, verify the amount you want to use or change it to 0. (That's the glitch; TT prepopulates that even though you don't qualify for a credit)

 

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