Hal_Al
Level 15

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."