My daughter meets all the Secure Act requirements for my husband to rollover the excess 529 funds into her ROTH IRA (she is the beneficiary of this 529 fund). Do I report this rollover on her 2024 taxes in Turbo Tax? I did not report the 1099Q my husband received on our taxes, as I was advised not to from Fidelity and read it on TT. No one mentions what to do with the beneficiary's 2024 tax return. To complicate things, my daughter contributed to her 2024 Roth IRA, she got married and they made too much money so she was no longer eligible to contribute on her own to a Roth IRA, on 3/29/25 she withdrew the excess Roth IRA contribution she had made in 2024. I know in May she will get a form 5498 showing the 529 rollover, but do i need to report the 529 roll over into her Roth IRA on her 2024 tax return? If so, how? I know the income limit rule that disqualified her other Roth IRA contribution, does not apply to this 529 rollover into the Roth IRA. In 2024, she also had a 401K rollover from a previous employer and she got a 1099R with a code G, I know she will get a 5498 for that rollover in May. I was told there is no 1099R for the 529 rollover. Do I do nothing in TT to show the Roth IRA rollover in 2024, the IRS will know when they receive the 5498? Thank you in advance!
