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Education
No.
The 1099-Q and the 1098-T are only informational documents. The numbers on them are not required to be entered onto your (or your student's) tax return. If you know none if it is taxable, just do not enter it. the TurboTax interview can cover it, but it can get confusing.
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."
‎January 29, 2023
3:29 PM
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