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1099 Q received, do I need to enter it in TurboTax. It was used for qualified education expenses
I have received 1099 Q which shows me as Receipient , All money taken from 529 plan was for kids education. If I enter 1099 Q in TurboTax, it increases my tax ( it is getting counting as Income while this is not income since this is for qualified expenses)
I have read in TurboTax forum that this need not to be reported but again want to confirm.
Please let me know.
Thanks
‎April 26, 2023
11:55 PM