If no money was withdrawn from the ABLE account, you do not need to input the Form 5498-QA for your return. Contributions to ABLE accounts are not deductible on your Federal Tax return; however, they may be deductible on your State return depending on where you live.
If you withdraw money from an ABLE account then you will receive Form 1099-QA. Please follow these steps to enter Form 1099-QA if you withdrew money for other than the support of a disabled individual:
- Login to your TurboTax Account
- Click on the Search box on the top and type “1099-QA”
- Click on “Jump to 1099-QA”
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