I entered multiple 1099-Q entries for forms that my college children had received. 2 of them said that I didn't need to report anything. But one said that "the student beneficiary must report $4,122 of taxable income from this distribution."
I am filling out an individual tax return for that child. So how/where do I enter that amount in his taxes? The 1099-Q actually has box 2 earnings of 7192.17. So I know that I must not be just entering the 1099-Q in his tax return. Somewhere I must be entering just the 4,122 amount.
Thanks for any help.
Darol
