I am having trouble getting PTO to tax the non-qualified portion of the distribution.
Grad student emptied 529 account after graduation. Her qualified expenses are for non-tuition expenses. She will not receive a 1098-T and does not have any tuition expense. It doesn't seem to matter what I put into the "qualified expenses for higher learning" nothing shows up as taxable. Is there another place that info has to be entered?
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Do you have any earnings entered for the distribution from the educational savings account? Only the portion of the distribution attributable to earnings (vs basis) is taxable.
yes I understand, I have distribution, earnings, and basis all entered, along with the amount of Higher Education. I have calculated it by hand so I know what the amount needs to be - just can't make the program do it.
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