A 529 plan (aka qualified tuition plan or QTP) is operated by a state or educational institution with tax benefits and other incentives, making it easier to save for college, post-secondary training, and K–12 education expenses.
Formerly limited to higher education, 529 plan distributions can be used toward qualified K–12 expenses — up to $10,000 per student — in tax years 2018 through 2025.
If you took a 529 distribution of 10K or less to pay tuition, you don't need to report the 1099-Q in your federal return. Save it for your records with tuition paid receipts. Unfortunately, you won't qualify for an Education Credit for the balance you paid over 10K for K-12 expenses.
If you took a distribution over 10K, you will need to enter your 1099-Q so TurboTax can calculate the taxable portion and penalty.
Click this link for more info on 529 Plans for K-12 Education.
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