I met the requirements to do a 529 to Roth rollover in 2024 and moved $7000. I see the 529 plan issued a 1099-Q for this transfer to the Roth account owner. The only difference I note between this 1099-Q and the "normal" 1099-Q used to pay college expenses is that Roth rollover one has Box 4 "Trustee-to-trustee" transfer checked. Does the Roth account owner have to report the 1099-Q? And if so, how does Turbo tax know not to add the earnings amount to their taxable earnings?
