529 Non Qualified Withdrawal

[patriot546]

Hello:
I would like some info on a 529 Non Qualified withdrawal. I withdrew a total of $17,056.32 from my son's 529. The 1099Q shows the earnings as $7.226.15 (approx 42%). The basis is listed as $9830.17.

Of the total amount - $10,000 was used for private High School tuition in 2018. I know that is allowed. Using the same logic - the portion of the withdrawal that is non qualified is now $7,056.32 and the earnings at 42% are $2,963.65.

Question #1 - is my logic and calculations correct?
Question #2 - Does the entire $7056.32 get reported on Line 21 of Schedule 1 Additional Info or only the earnings of $2,963.65?

Any help is appreciated.

CM

[NCperson]

turbo tax will walk you through this without issue.  

are you using it? 

[4newton]

You said turbo tax will walk me through it. Where do I go to get started? thanks

[VictorW9]

Here'e the information to get started with entering 1099 Q: Where do I enter a 1099-Q? - Community