I am filing my tax return as an individual who can be claimed as dependent on my parent's return. My parents are owners of the 529 plan of which I am the beneficiary . The 529 plan made a distribution directly to the university for a QTP. But when I enter information from the 1099-q I am being taxed on the amount reported in box 2( earnings). FYI all of the distribution went directly to the school and earnings on 529 plans should not be taxed. Yet Turbo-tax calculates this as taxable. How can this be fixed?
