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1099-Q (529 to Roth)
My son received a 1099-Q related to his transfer of 7k to his Vanguard Roth IRA. The form reflects this action as QTP to Roth. Entering the information into Turbo Tax 2025, the software wants to treat this as a taxable event, even when I select the QTP to Roth radio button. As I understand it this event is not taxable. Is this issue something that Turbo Tax will correct or do I just not report the 1099 -Q? Thanks!
yesterday