bob15
New Member

I received 1099-Q form after I filed my tax return. I did not use the distribution for education costs, but the Earnings (box 2) were slightly negative. Do I need to amend my tax return or otherwise take action to report the amount?

I believe having negative earnings means that I do not owe any taxes on the amount, nor do I need to take any action to report the value. I don't care to report the loss to receive additional refund money because the amount was so small.