JillS56
Expert Alumni

Get your taxes done using TurboTax

No, you are not being taxed on the 1099-Q.   The 529 earnings are tax-free as long as the funds are used to pay qualifying educational expenses.  

 

Since the 1098-T and the 1099-Q are tax forms that do not have to be reported, and you are not eligible for an education credit, I would delete both the 1099-Q and the 1098-T from your return.    I would keep both of these forms with your tax documents.    This way you can be reassured that you are not being taxed on either of these forms.