2266962
Where do I record income from a distribution from my Virginia 529 in excess of qualified expenses for a scholarship received. The excess was less than the basis so no federal tax was due but since I originally got a state deduction I think I owe state tax but I don't know where to put it in Turbotax?
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In the program, under Here's the income that VA handles differently:
However. if not taxable on federal, there should not be a VA effect. You said the excess was less than the basis.
See 760 Instructions page 28 item 34 is for distributions that are taxable on federal return. Page 25 (page 16 on the document) is for additions.
In the program, under Here's the income that VA handles differently:
However. if not taxable on federal, there should not be a VA effect. You said the excess was less than the basis.
See 760 Instructions page 28 item 34 is for distributions that are taxable on federal return. Page 25 (page 16 on the document) is for additions.
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