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Education
See if the whole Q can go towards 529 for Room and Board and Qualified Education Expenses - Internal Revenue Service. Then, it isn't entered and the program won't have to try and figure out the taxable portion.
IRS Publication 970, Tax Benefits for Education states:
If the entire 1099-Q went to qualified expenses, room and board, tuition, etc then you do not need to enter the form. Tuition paid for the first 3 months of the next year also qualify, see page 12, What Expenses Qualify, and page 52 for qualified distributions.
Page 45 repeats: Don't report tax-free distributions (including qualifying rollovers) on your tax return.
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‎February 28, 2025
1:49 PM