I guess I am in the what the heck camp here. I appreciate the questions and responses on the subject BUT this is still a form being reported to the IRS. If the IRS and TT have an agreement that it's "okay not to report" the issued 1099-Q that's one thing, seems odd to me and not a likely scenario.
The questions I have is who is then tracking the 529 to Roth $35,000 transfer limit? If not entered on my return, then I'm not (at least officially). TT asks me to track my ROTH contribution basis for 1099-Rs on rollovers, transfers, etc - so why not 1099-Qs? Is my 529 provider tracking it? Not helpful because a person could have two different 529 plans - I don't know if this is possible, but seems like a thing. So the only remaining choice is the IRS is tracking this threshold because they got the form from my 529 provider? I know that have super computers and the bandwidth, but doesn't seem like a thing they would do either. Thoughts?
