KrisD15
Expert Alumni

After you file

Yes, if you reported a distribution on your 2018 tax year return, you should consider filing an amended return if it results in a refund. 

 

If the 1099-Q is entered by a dependent, the program will tax it. 

The reason for this is that the person that claims the student also enters the student's education tax documents, such as 1099-Q and 1098-T.

Their TurboTax program determines if there is an Education Credit or taxable income. 

If there is a credit, the person claiming the student gets the credit. 

If there is report-able income, the student reports it.  

 

If you were not a dependent and you entered the 1099-Q, the program should have asked if it was used for education expenses. 

 

 

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