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College expense funding from 529 not clearly indicated in LP Annual Income and Expense Summary

ssllii

In LP, I have entered my kids college expense and the specific 529 account to fund the needs. In the LP annual Income and Expense Summary pop-up in the Plan:Results page, it shows the college expense clearly. But I couldn't tell whether it is using the 529 withdrawal to pay for it, thus lowering the taxes needed against that withdrawal.

Does LP factor that in?

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Quicken Anja

Hello @ssllii,

To gain a better understanding, could you please provide a screenshot of what you are seeing? If needed, please refer to this Community FAQ for instructions on how to attach a screenshot. Alternatively, you can also drag and drop screenshots to your response if you are not given the option to add attachments.

Thank you!

ssllii

My issue is related to this discussion, seems like LTP is broken, and I cannot vote on the feature request mentioned:

https://community.quicken.com/discussion/comment/20308141#Comment_20308141

Scooterlam

Like the Roth IRA, I suspect that the 529 is comingled within the "tax-deferred" line on the plan summary table. In the link you cited, there is another link leading to the IDEA post. Sadly, Quicken's policy on idea posts resulted in this idea being archived. So, you and most others will not be able to 1. understand the issue at hand and 2 vote on a well-illustrated idea post. You'll have to recreate the wheel (the idea post) if you are interested in generating votes in fixing this. Quicken mods, in the past, have decided to not unarchive these posts.

So, there are 2 issues here: 1. Separate Roth and 529 accounts from the tax-deferred line item in the plan summary tables and 2. fix the special expense functionality allowing college expenses, to be drawn from the 529 account.