How can i enter room and board expenses for 529 plan?

Forum|Forum|6 years ago
March 4, 2020
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TurboTax Premier Online

klehnhardt

When you are entering your education expenses you will be asked if you used a 529 plan to pay for the expenses. If you answered YES, in the next couple of screens you will be given the opportunity to enter the Room and Board expenses.

To enter the education expenses, you would:

Enter education expenses in the Search Magnifying Glass in the upper right hand corner of the screen.
Select Jump to education expenses
Answer the questions on the screens.

cas007

There is no place to enter room and board, so what Turbo Tax worksheet do I have to go to?

That is the problem with TT - not enough detail provided in the step through.

Hal_Al

Employee

Assuming the student is your dependent and you are the recipient of the 1099-Q:

Enter the 1099-Q before you enter the 1098-T. TurboTax will only give your the R&B screen if it knows you have a 529 plan distribution. Later, in the 1098-T (educational expenses and scholarships) interview, answer yes when asked if you have book expenses. That screen includes the box to enter Room & Board.