topic A dependent took out SallieMae loan to pay for school. A year after this expense, we paid off the loan with 529 money. How do I enter the loan as an educational expense? in Education https://ttlc.intuit.com/community/college-education/discussion/a-dependent-took-out-salliemae-loan-to-pay-for-school-a-year-after-this-expense-we-paid-off-the-loan/01/419018#M11206 <P>The question is to retain the tax exempt part of using the 529 money to cover this educational expense.</P> Tue, 04 Jun 2019 21:03:35 GMT bushidogiant88 2019-06-04T21:03:35Z A dependent took out SallieMae loan to pay for school. A year after this expense, we paid off the loan with 529 money. How do I enter the loan as an educational expense? https://ttlc.intuit.com/community/college-education/discussion/a-dependent-took-out-salliemae-loan-to-pay-for-school-a-year-after-this-expense-we-paid-off-the-loan/01/419018#M11206 <P>The question is to retain the tax exempt part of using the 529 money to cover this educational expense.</P> Tue, 04 Jun 2019 21:03:35 GMT https://ttlc.intuit.com/community/college-education/discussion/a-dependent-took-out-salliemae-loan-to-pay-for-school-a-year-after-this-expense-we-paid-off-the-loan/01/419018#M11206 bushidogiant88 2019-06-04T21:03:35Z Payoffs of loans are not educational expenses.  The expen... https://ttlc.intuit.com/community/college-education/discussion/payoffs-of-loans-are-not-educational-expenses-the-expen/01/419026#M11207 <P>Payoffs of loans are not educational expenses.&nbsp; The expenses would be the things the money was used for like tuition.&nbsp; If you already took education credits last year for those expenses, you cannot use them again to make any part of the 529 distribution nontaxable.</P> Tue, 04 Jun 2019 21:03:37 GMT https://ttlc.intuit.com/community/college-education/discussion/payoffs-of-loans-are-not-educational-expenses-the-expen/01/419026#M11207 Anita01 2019-06-04T21:03:37Z