- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099-Q distribution
My son was gifted a Coverdale ESA as an infant with a one-time contribution. Last year, he took the money out of the ESA to pay for college. On my tax return, I am claiming him as a dependent. Turbo Tax is asking for the 1099-Q information, and I entered that, as well as the costs paid for his education. On my son's tax return, TurboTax is asking for 1099-Q information as well, but he can't enter education expenses because he is claimed on my tax return. If I enter the 1099-Q info on my tax return, does my son also have to claim the 1099-Q?
‎February 21, 2025
5:49 AM