How do I report a taxable withdrawal from 529 account on Turbo Tax. Only some funds were non-AQEE. Turbo tax has no where to enter this. Schedule 1, form 1040, line 8

[mtj0503]

Gross distribution is 30,000. Non qualified withdrawal amount of $7000. How do I enter this to Schedule 1, form 1040, line 8? Turbo tax only gives option to enter all 1099-Q

[AmyC]

You will enter the 1099-Q. You don't mention the basis so I am going to assume you are aware that $7,000 is the taxable amount.

• If you had education expenses, room and board, books, etc for $23,000 then the program will figure out the taxable $7,000. 
• If you did not use the money on school expenses and $7,000 is the taxable portion above your basis, you can select that you did a rollover and did not roll it all, Then you can enter $23,000 or whatever amount makes the $7,000 taxable. The program asking about rollovers is not part of your return, just part of the calculations to get the right amount on your tax return.