TurboTax

Level 3

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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

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"?

Best answer by Hal_Al

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.

Answer

Level 15

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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