Every year it's the same nightmare, trying to enter a 1099-Q from a 529 to Roth rollover and a 1099-Q with matching 1098-T when the 1099-Q funds are completely used for educational expenses. Support just tells me "yeah, looks like that's broken, just wait for an update" or the app says "we don't support that yet, just wait" (last year, I just had to lie in the intake/interview process).
I see the IRS 970 instructions say
"Don’t report qualifying rollovers (those that meet the above criteria) anywhere on Form 1040, 1040-SR, or
1040-NR. These aren’t taxable distributions."
This certainly seems to support not filing anything for the Roth rollover (trustee-to-trustee, 15 years, same beneficiary, 5 years, etc., rules are all met)
I also see similar in places like TurboTax support for actual educational expenses.
"TurboTax Tip: Beneficiaries are not required to report distributions on their tax return as long as the distributions are used for qualified education expenses."
but they provide no supporting IRS document. And this specifically says beneficiaries - the payout was to me, the account owner who made the payments, not my kid, the beneficiary. Anyone have an actual IRS source for guidance on this?
