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Education
@RichInPitt I don't work for TT, just trying to help. I am sorry this happened.
TT did a bunch of updates on these and has a number of posts. I honestly would think that users whom knew about the Roth conversion would know it was not taxable.
You should have also received a Form 5498 (to document the contribution to the Roth IRA)
You also receive a 1099Q for any 529 withdrawals that was not reportable if you had qualified education expenses. Although TT walks you through these, it is not reported anywhere.
Part of the problem is the IRS whom still has not finalized draft rules on 1099Q which means no tax software can finalize nor program completely till they do. latest draft https://www.irs.gov/pub/irs-dft/i1099q--dft.pdf
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
March 6, 2025
11:54 PM