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Education
@tbrennan00671 said "I was given a 1099-Q and it is covered".
Just delete the 1099-Q. It is only an informational document. The numbers on it are not required to be entered onto your tax return.
You can just not report the 1099-Q, at all, if the student-beneficiary has sufficient educational expenses, including room & board to cover the distribution. When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms.
On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."
May 16, 2021
9:37 AM