529 $ transferred to my checking account, I wrote check to daughter, she wrote check to university. I got 1099Q. All $ went for qualified education expense. How handle on Turbo Tax?
In the search box type 1099-Q, jump to section in Turbo Tax.
You need payers name and ID number, etc. (This is the Trustee)
Amounts from box 1,2, 3,4,5 (type of program)
Box 6:The person whose SSN is on the 1099-Q has to report the distribution on their tax return.
Distribution Code, State sponsoring the plan and questions about beneficiary. If the beneficiary is a dependent on on your return, The parent will have to complete the Education Expense Interview and enter 1098-T information. Room and Board expenses qualify for 1099-Q money.