- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Why is my tax obligation increasing when I enter the 1099-Q values? The gains on the 529 was supposed to be tax free. I am using the funds for tuition....
I am enter the 1099-Q gross, earnings and basis. I have earnings of $7100 over 20 years but it appears that the online turbo tax is taking the earnings as taxable earnings. This is no supposed to the the case. Is there move information that needs to be entered to justify or offset? It is not clear in turbotax why this is happening.
Topics:
‎July 9, 2020
6:09 AM