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Is there an answer for "If the designated beneficiary is someone else, double-click to link this1099-Q to the applicable Qualified Education Expenses Worksheet?

If the designated beneficiary is someone else, double-click to link this1099-Q to the applicable Qualified Education Expenses Worksheet, what do I put here. One of my daughter's is already listed for If the designated beneficiary is a dependent, double-click to link this 1099-Qto the applicable Dependent Student Information Worksheet
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2 Replies
CesarJ
Employee Tax Expert

Is there an answer for "If the designated beneficiary is someone else, double-click to link this1099-Q to the applicable Qualified Education Expenses Worksheet?

When the designated beneficiary on Form 1099-Q is someone other than yourself, you should link the 1099-Q to the Qualified Education Expenses Worksheet in TurboTax. This worksheet is where you enter the education expenses paid for that beneficiary during the tax year.

Since one of your daughters is already listed as a dependent and linked to the Dependent Student Information Worksheet, the other 1099-Q for a different beneficiary should be linked to the Qualified Education Expenses Worksheet instead.

In the worksheet, enter the total qualified education expenses paid for that beneficiary. This includes tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution.

This linkage ensures the distribution reported on Form 1099-Q is properly matched against qualified expenses, affecting whether the distribution is taxable.

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Hal_Al
Level 15

Is there an answer for "If the designated beneficiary is someone else, double-click to link this1099-Q to the applicable Qualified Education Expenses Worksheet?

@CesarJ  @masimmons00 Where is the user getting the question/instruction "If the designated beneficiary is someone else, double-click to link this1099-Q to the applicable Qualified Education Expenses Worksheet"

 

I've never seen that before. I have desktop Deluxe. 

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