529 Plan State Tax Deduction
Question: How do I deduct my 529 Contributions?
I live in the State of Virignia… according to the State I get upto a 2000.00/year deduction for contributions made to my daughter’s 529 Plan. I am using Turbo Tax, and for the life of me I can’t find what IRS form I am supposed to fill out to enter my 2006 contributions to this account.
Answer: http://www.tax.virginia.gov/Web_PDFs/indForms/currentyear/760_Instr.pdf
Go down to page 23, item 33
It goes on Virginia schedule ADJ line 6b-6d