MichaelG81
Expert Alumni

Education

In the search menu type, "529" then select the jump to link in blue.

  • Click edit or add a 1099Q
  • Make sure your basis (or original amount you put in) is in Box 3.
  • Enter this information click continue from your 1099-Q form
  • Go through interview and answer honestly, you may think it is taxable but it may not have an affect on your taxes. Especially if it was a principal withdrawal. 

 

If your gross distribution is higher than your basis you may be taxed on earnings. Seems like this is not the case with the info provided. 

@oubrebm

 

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