- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 31, 2023
11:03 AM