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1099-Q "Earnings"
If all of the gross distribution are used for approved expenses, how are the "Earnings" calculated? Box 1 is $15,000, Box 2 is $6236.49, and Box 3 is $8763.51. The $6236 is being considered unearned income. All of the $15,000 was used for approved expenses. Is there somewhere to claim that these earnings were for approved expenses?
Thanks,
Glenn Derochers
May 11, 2021
6:54 AM