MarilynG1
Expert Alumni

Education

In the 1099-Q section, you can report the distribution as 'Rolled over into another qualified plan'.  If you're using TurboTax Desktop, you will see this on the Payments from Qualified Education Plans worksheet in FORMS.  No amount of the distribution will be shown as taxable in this case. 

 

Type '1099-Q' in the Search area, then click on 'Jump to 1099-q' to get there.

 

However, you are not required to enter the fund transfer reported on Form 1099-Q in a non-taxable situation.  Keep it for your records, along with documentation of the rollover, in case the IRS questions the distribution with no Education Expenses on your return.

 

Here's more info on Form 1099-Q

 

@ofg007 

 

 

 

 

 

 

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