- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Mom (recipient) has a 529 acct for my son (beneficiary). The total QEE after the LLCis less than the total distribution. How does she record his QEE on her return?
My son is 25 and filing his own taxes. He used his 1098T to gain a Lifelong Learner Credit. This resulted in excess distributions for my Mom, who is listed as the recipient on the 529 account. When I enter his expenses on my Mom's return in Turbo Tax, it is calculating a Life Long Learning credit for her! Where can I enter the taxable amount of excess distributions w/o appearing to be her expenses?
Topics:
‎June 3, 2019
11:22 AM