How to Enter College Room and Board Costs so that I do not pay Taxes on my 529 Distribution?

Forum|Forum|6 years ago
February 6, 2020
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How to enter college housing expenses to offset 1099-Q amount (from 529) not covered by 1098-T (tuition)?

No education credits, scholarships, etc. Just need to get the housing costs entered so that I do not get taxed on the 529 distribution amount of the 1099-Q which exceeds the tuition amount of the 1098-T.

This was straightforward in previous version of TT, but I do not see how to do it in TT2019.

Thanks.

klehnhardt

When you go back into the Expenses and Scholarships (Form 1098-T) under the Deductions & Credits:

The first screen you come to is Your Education Expenses Summary.
Edit the student on the screen.
On the next screen Edit Other Education Expenses (for all schools).
On the next screen it should say "Did You Pay for Books or Materials to Attend School?". Select Yes.
On the next screen you will see where to enter Room and Board.