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Get your taxes done using TurboTax
If all of the money went to qualified expenses for the beneficiary, nothing is taxable. If the 1099-Q was not income, it should not be entered. Tuck the 1099-Q into your tax folder with a copy of the bills it covered, in case the IRS asks. IRS Publication 970, Tax Benefits for Education states that nontaxable distributions should not be entered.
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2 hours ago