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Education
It is not compulsory to enter the 1099-Q. Just keep the 1099-Q and the financial records that you used to prepare your return. You can completely remove the 1099-Q entry and add you own figures to get the correct amount of taxes that are owed (if any).
There is actually NO reason to enter the 1099 Q into TurboTax unless 1- you don't know if you have taxable income and you need help from the program to figure it out or 2 - you have taxable income to report. (the form itself even tells you this in the second sentence of instructions for recipient).
March 14, 2021
4:02 PM