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1099-Q for 529 Indirect Rollover

I performed an indirect rollover for my child's 529 account.  The funds were deposited into the other 529 account within the 60 day limit.

I received the 1099-Q showing the distribution, but there is no tax form to show the funds were re-deposited within the 60 day limit.

How do I enter this in Turbo Tax and not get taxed on the the funds as an unqualified distribution?

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1099-Q for 529 Indirect Rollover

You should respond that you received a 1099 Q and whether or not you were the beneficiary. Indicate that no one's education expenses were paid by this distribution.

On the Distribution Transfer screen, indicate Yes that you rolled over or transferred the distribution. On the Rollover screen indicate that the ENTIRE amount of this distribution to another qualified tuition program

Even if the 1099-Q notes a distribution code (1), you will have the opportunity to indicate the indirect rollover and avoid tax. These screens are immediately after you type in the 1099-Q exactly as it appears.

Please feel free to post any additional details or questions in the comment section. 

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New Member

1099-Q for 529 Indirect Rollover

You should respond that you received a 1099 Q and whether or not you were the beneficiary. Indicate that no one's education expenses were paid by this distribution.

On the Distribution Transfer screen, indicate Yes that you rolled over or transferred the distribution. On the Rollover screen indicate that the ENTIRE amount of this distribution to another qualified tuition program

Even if the 1099-Q notes a distribution code (1), you will have the opportunity to indicate the indirect rollover and avoid tax. These screens are immediately after you type in the 1099-Q exactly as it appears.

Please feel free to post any additional details or questions in the comment section. 

View solution in original post

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