- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Since the education expenses are more than the education plan distribution, then the earnings on the distribution would not be taxable. I'm not sure why TurboTax is saying that, since I can't see what was entered. Since the education plan distributions were used to pay for qualifying education expenses, you don't need to report the form 1099-Q on your son's tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 1, 2022
5:52 PM