My daughter received a 1099-Q. Does she have to file a tax return even if 529 distributions aren't considered taxable?

Total 529 distribution equals education expense, thus she has $0 in taxable earnings (income). She is a full-time student and does not have a job.

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1 Best answer

Expert Alumni

Jun 4, 2019 7:33:04 PM

She doesn't have to file her own tax return and report form 1099-Q if the distribution equals to her qualified education expenses.

As a dependent, she would have to file if the excess of the distribution over her education expenses were over $6300 for 2015.

Expert Alumni

Jun 4, 2019 7:33:04 PM

She doesn't have to file her own tax return and report form 1099-Q if the distribution equals to her qualified education expenses.

As a dependent, she would have to file if the excess of the distribution over her education expenses were over $6300 for 2015.