Hal_Al
Level 15

Education

@MarilynG1  said "However, you are not required to enter the fund transfer reported on Form 1099-Q in a non-taxable situation"

 

That's good advice.  Don't bother to try to enter the 1099-Q, in TurboTax. You just risk making an error.  When none of the 1099-Q is taxable, TurboTax will enter nothing about the 1099-Q on the actual tax forms. Nothing is sent to the IRS about your 1099-Q. 

 

Reference: 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."