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Retirement tax questions
Hi Critter-3. Couple more if I can after reviewing.
1. If I figure a) my 529 distributions do not exceed the qualified tuition expenses (so no tax due on that earnings portion of the distribution) and b) we are not elgible for any education credits (AGI too high), can I just punt the whole 1099-Q and 1098-T forms entirely?
2. If I figure I owe taxes on $100, say, where can I enter that easily? Remember, I can't enter the 2020 1099-Q data and 2020 1098-T data and have TT compute it, because the 2020 1099-Q includes 2021 Spring tuition distribution, and I will not get that 1098-T till Jan 2022.
Thx again!
‎January 31, 2021
12:20 PM