According to IRS Publication 970:
If you received a distribution, you may be able to exclude part or all of the earnings from income.
If the distribution was from a QTP (Qualified Tuition Program) established and maintained by an eligible education institution (any college, university, vocational school or other post-secondary educational institution eligible to participate in a student aid program administered by the Department of Education), and the amount is less than or equal to adjusted qualified education expenses.
For more information, see IRS Publication 970.
This information applies to all years of the UltimateTax software.
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