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1099-Q Information Question is Unclear

While entering my 1099Q information, the following question from TurboTax is a bit confusion. It states 

 

Box 6: Is the recipient of the distribution the designated beneficiary?

Recipient is not designated beneficiary.

Yes

No

 

In my case, the 529 plan sent the distribution to me so that I can pay for my son's tuition. Hence, the recipient is not the designated beneficiary.

 

If I select Yes, then does it mean "the recipient of the distribution the designated beneficiary" or "Recipient is not designated beneficiary"?

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1 Best answer

Accepted Solutions

1099-Q Information Question is Unclear

Yes, it's poorly worded.  They are working on that section of the program. It's not clear if that particular question will be fixed.

 

"Is the recipient of the distribution the designated beneficiary?" Appears to be the category.

and

"Recipient is not designated beneficiary" is the actual question.

In your case, answer yes. 

 

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1 Reply

1099-Q Information Question is Unclear

Yes, it's poorly worded.  They are working on that section of the program. It's not clear if that particular question will be fixed.

 

"Is the recipient of the distribution the designated beneficiary?" Appears to be the category.

and

"Recipient is not designated beneficiary" is the actual question.

In your case, answer yes. 

 

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