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posted Jun 4, 2019 8:20:26 PM

Received 1099q for son's 529 who passed away. the name and ssn # are my son's. The fund was closed. Do I report this on my taxes?

How do I report ?

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1 Best answer
Intuit Alumni
Jun 4, 2019 8:20:27 PM

If you are claiming your son as a dependent or filing a final return for your son, you may need to include this on your taxes, but it also depends on how much was received vs. paid in education expenses.  This article here helps to explain the 1099-q https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/Guide-to-IRS-Form-1099-Q--Payments-from...

1 Replies
Intuit Alumni
Jun 4, 2019 8:20:27 PM

If you are claiming your son as a dependent or filing a final return for your son, you may need to include this on your taxes, but it also depends on how much was received vs. paid in education expenses.  This article here helps to explain the 1099-q https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/Guide-to-IRS-Form-1099-Q--Payments-from...