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I used 529 distributions to pay elementary school tuition of children. The plan paid the distribution to me. I paid the school. How do I report this?

The plan could not pay directly to school and would not pay children. All distributions were under the 10,000.00$ limits for school.
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1 Reply
Hal_Al
Level 15

I used 529 distributions to pay elementary school tuition of children. The plan paid the distribution to me. I paid the school. How do I report this?

Don't bother to report it. That is, don't enter it in TurboTax and get bogged down in the interview.

 

On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution." 

 

  When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records.

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