in Education
Received a 1099-Q for a withdraw from qualified 529 account for my adult non-dependent son. All of this withdraw was used for education expenses. I am able to enter the 1099-Q into TurboTax. I unable to enter education expenses for the non-dependent. The program is showing I need to pay tax on the withdraw. Any help on how to rectify this situation?
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If the funds were used for educational expenses, you can delete the 1099-Q entry. Unfortunately, TurboTax does not allow the entry of expenses for non dependents.
Thanks, I have read that in several posts. Seems risky to me.
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