ThomasM125
Employee Tax Expert

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Yes, you do not need to report a Form 1099-Q distribution on your tax return if the distribution is not taxable.

 

You will find that documented in IRS Publication 970 . The online publication does not have page numbers, but you will find the excerpt in Part 6 Coverdell Education Savings Account (FSA). In the section that says Tax-Free Distributions it says the following:

 

"Generally, distributions are tax-free if they aren't more than the beneficiary's AQEE (adjusted qualified education expenses) for the year. Don't report tax-free distributions (including qualifying rollovers) on your tax return." 

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