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Education
No, you won't be able to enter this directly on Schedule 1, line 8Z. here is how to enter as jillS56 mentions.
- Go to federal>income and expenses>all income>>show more
- Less Common Income> Start
- Miscellaneous Income,>start
- Other reportable income>start
- Next screen asks Any Other Taxable Income>yes
- 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.
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‎April 18, 2022
5:09 PM