in Education
Do I need to enter a form 1099-q that I received because I rolled over my childs esa to the 529 fund. My understanding was since it is a direct rollover there is no need to report it. I did not use any of the funds and actually never touched them. The rollover went right to the beneficiary 529 fund.
Do I need to enter this in the software or leave it out?
You'll need to sign in or create an account to connect with an expert.
You can leave it out.
When the box 1 amount on form 1099-Q is fully covered by educational expenses, or i rolled over to another qualified plan, TurboTax will enter nothing about the 1099-Q on the actual tax forms.
You can leave it out.
When the box 1 amount on form 1099-Q is fully covered by educational expenses, or i rolled over to another qualified plan, TurboTax will enter nothing about the 1099-Q on the actual tax forms.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
QRFMTOA
Level 5
in Education
eknakai78
New Member
in Education
MojoMom777
Level 3
in Education
Benjakowski
New Member
in Education
jimshane
Level 1
in Education