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Get your taxes done using TurboTax
Thank you. Are you saying if I know how much of the distribution is taxable I can just enter it without showing my work? I don't see an option to do that. It asks for the gross distribution (which is where my question is) then what portion is earnings and basis. Thats easy, I just use the same ratio as in the 1099-Q. So if I know that of the $43k I withdrew, $10k was unqualified, can I just enter the $10k in box 1 and go from there, or should I enter the $43k and then enter all the education deductions? But then the 1099-Q in turbotax will not match the 1099-Q sent to the IRS. I don't want to give the IRS more info than I need to but I don't want to do it wrong and trigger an audit. Looking for a definitive answer on what to enter as Gross Distribution i.e. the Full amount or just the unqualified amount. Thanks