DaveF1006
Expert Alumni

Education

No, you won't be able to enter this directly on Schedule 1, line 8Z. here is how to enter as jillS56 mentions. 

 

  1. Go to federal>income and expenses>all income>>show more 
  2. Less Common Income> Start
  3. Miscellaneous Income,>start
  4. Other reportable income>start
  5. Next screen asks Any Other Taxable Income>yes
  6. The next screen will allow you to report the income with a brief explanation. Here, as a description, record earnings from 529 withdrawal and then the amount of $9996

If there is additional tax that was assessed, it will appear on line 33 on your 5329 and then reflected in Schedule 2 line 8.

 

@SallyRandall

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