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Get your taxes done using TurboTax
If the expenses were not taxable and were used only for qualifying expenses - that is for tuition, fees, room, board, books, and supplies, you are not required to report the information provided on the 1099-Q. The IRS only requires you to report the information when the income is taxable.
You can learn more about this form here: Guide to IRS form 1099-Q.
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‎January 27, 2020
2:13 PM