AmyC
Expert Alumni

Education

@feiwenw66563 The contribution to the 529 is not related to the distribution. You do not need the 1099-Q. Your son will claim the 1098-T.

 

NY taxes 529 distributions not used for education. 

The  NY 529 contribution must be reduced by the amount of 529 distribution included in income. You have none included in income, so there is no reduction for you.

 

Tax Benefits of New York 529 Plans - Saving for College states:

Contributions to the New York 529 plans are deductible on state income tax returns. Contributions of up to $5,000 for single filers and $10,000 for joint filers may be deducted on New York state income tax returns.

 

@Hal_Al answer is perfect.

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