How do I deduct my contribution to my grandson's 529 plan on my Virginia State form?

thompsontommy50 · ‎June 3, 2019

Federal form says I don't need it and my state form won't let me put it in because it's not on my Federal form.

Rachel_W · ‎June 3, 2019

In order to include your contribution to your Grandson's 529 plan on your Virginia Tax Return, please follow these steps:

Click "State" from the left side of your screen
Click "Continue"
Click "Start/Continue" next to Virginia
Continue walking through the TurboTax interview and hen you come to the page "Here's the income that Virginia handles differently"
Scroll down to the "Education" section
Scroll down and click "Start" next to "Virginia College Savings Prepaid Tuition (Sec 529 Plan)"
Click "Yes" I've had one of these plans
From here, walk through the TurboTax interview questions and input your 529 contribution amount

Please comment below if you run into any trouble and need further assistance.

peninsula · ‎June 3, 2019

You can only deduct your contributions if you are the owner of your grandson's plan.

State tax filing