turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cjax55
New Member

Mom (recipient) has a 529 acct for my son (beneficiary). The total QEE after the LLCis less than the total distribution. How does she record his QEE on her return?

My son is 25 and filing his own taxes.  He used his 1098T to gain a Lifelong Learner Credit.  This resulted in excess distributions for my Mom, who is listed as the recipient on the 529 account.  When I enter his expenses on my Mom's return in Turbo Tax, it is calculating a Life Long Learning credit for her!  Where can I enter the taxable amount of excess distributions w/o appearing to be her expenses?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD
Intuit Alumni

Mom (recipient) has a 529 acct for my son (beneficiary). The total QEE after the LLCis less than the total distribution. How does she record his QEE on her return?

She can only enter the 1099-Q. It's best to have the student make the distribution, or have the funds transferred directly to the school. That way the 1099-Q will be issued to the student. 

In the TurboTax program, she will click Federal, Deductions & Credits, Scroll down to "Education", Click Show More.

Click Start next to "ESA and 529 qualified tuition programs (Form 1099-Q)"

Walk through the interview carefully, selecting the student as someone else. You will be prompted to click Done once the 1099-Q is entered, but the interview will continue. 

You will enter the student's expenses and tax-free assistance the student is using. The last entry is "Other Adjustments" and you will need to enter the amount being used for the credit. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies