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Deductions & credits
@MarkWiz72 - No. Enter the form 1099-Q based on the plan you have Determine where to enter by reviewing your 529 plan.
What is the difference between 529 and 529A?
What is a 529A plan? Similar to a 529 college savings plan, a 529A plan allows you to save for a specific purpose. Instead of strictly using the money for education-related expenses — as would be required with a 529 college savings plan — you can use the money for disability-related expenses
What is a 529 C?
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code
Form 1099-Q reports distributions and benefits from Coverdell education savings accounts and 529 plans. It's reported on the tax return of the person whose Social Security number is on the form.
Here's how to enter your 1099-Q in TurboTax:
Use this link for more information: Information on 529 plan
- Open or continue your return.
- Select Federal and then Deductions & Credits.
- Scroll down to the Education section under All tax breaks.
- Select, Show more and select Start or Revisit next to ESA and 529 qualified tuition programs (Form 1099-Q).
- Follow the screens to enter your info.
Use this link for additional information: Qualified Tuition Plans - IRS
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