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Do I need to report my 1099Qs
I have a few questions whether or not I have to include my 1099-Qs on my return:
1) I made a withdraw to pay the enrollment fee for my son's college in Fall '24. This was the first time I made a withdraw and I deposited it into my bank account and then paid the school from my account (the exact amount). Is this a taxable event since it was paid to me and do I need to report it?
2) I rolled three 529 accounts over from one state plan (VA) to another state plan (CA) and received three 1099Q forms. Do I need to report these? I obviously did not receive any funds as the rollovers went from beneficiary to beneficiary account.
Thank you
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‎January 23, 2024
5:11 PM