Please double check that you are trying to enter the correct account number. The instructions for the Indiana IT-40 suggest that only certain Indiana 529 accounts will qualify for the credit. Turbo...
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Please double check that you are trying to enter the correct account number. The instructions for the Indiana IT-40 suggest that only certain Indiana 529 accounts will qualify for the credit. TurboTax uses the account number parameters defined in the Indiana instructions for Schedule IN-529. Here are excerpts from the relevant sections in those instructions:
Indiana529 Education Savings Plan Credit 837
You may be eligible for a credit for contributions made to Indiana529 education savings plan. Also, you may make contributions to this fund for Indiana K through 12 education purposes. While there are many 529 college savings plans available both in Indiana and nation-wide, only contributions made to this specific Indiana529 Education Savings Plan are eligible for this credit.
Column B. Enter the account number of each qualified account to which you/your spouse made a contribution. The account numbers may be: • 11 digits long, and begin with “61” or “62”, • 10 digits long, and begin with “200”, “201”, “208” or “209”, and/or • 16 digits long, starting with “200” or “201”.
For reference, here are links to the instructions referenced above:
IT-40 Booklet - see page 43, column B
IN-529 - see page 2, bottom of column A to the top of column B