turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

529 Savings Account, college tuition and second vocational training expense for same student

My son is a full time college student and we have a 529 account which we have used to pay for expenses and declared the costs on our federal and state returns.  Additionally, over weekends during the Spring/Summer of 2023, he also completed a state registered, licensed EMT training course (so he can do this to earn money after he graduates before applying to grad school).   Since the EMT course was licensed vocational training I considered it a qualified education expense and withdrew money from the 529 account to pay for it.  However, we did not receive a 1098T from the EMT course, only from his college. If I was correct about it being a qualified expense (and please tell me if I was mistaken) how do I enter this into Turbotax Deluxe?  I already entered the amounts for his regular college expenses (tuition and fees, room and board).  There is no space to add a second tuition/books cost for the same student.  Can I only declare one of these or should I chose to enter another student and then enter my son a second time with the EMT info?  Please advise.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Expert Alumni

529 Savings Account, college tuition and second vocational training expense for same student

Yes, the 529 covers vocational school. If all of the 529 was used on qualified expenses, school, room and board, books, etc then you should NOT enter the Q on your tax return but tuck it into your tax folder. 

 

The point of entering the 1098-T is to get education credit. You can use the 529 on EMT to leave more money for the education credit. If you can delegate enough expenses, you may even qualify for AOTC. It may require some taxable income for your son. Please see another post of mine here.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies