- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Q. after entering 1098-T and 1099-Q on my daughter return, I found out the following, does the last sentence implies we should also put the education expenses in her return?
A. No.
You said, earlier, "My wife also got 1099-Q(in my wife name)". That makes you (the parents filing a joint return [I assume]) the recipient. You don't enter the 1099-Q on the student's return. Any taxable portion of the 529 distribution will not go on the student's return. It will go on the parent's return, if at all.
March 6, 2023
8:12 AM