- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
In my case, I had one 1099-Q that listed me (parent) as the recipient, but the expenses were for two of my children. TurboTax 2020 does not know how to handle this -- it insists that each 1099-Q must be related to expenses only to 1 student! Thus I have 2 choices: either omit the 1099-Q altogether (which makes me uncomfortable but seems to be ok based on other posts) or to show all the expenses as being for one of my children (which makes me uncomfortable because the expenses are split between them). UGH! I HAVE SPENT HOURS TRYING TO FIGURE THIS OUT. THANKS FOR NOTHING INTUIT. I WANT THE IRS TO PUT YOU OUT OF BUSINESS AND HAVE THEIR OWN SOFTWARE THAT EVERYONE USES. (Not to mention a simplified tax code so we don't need to do this insanity every year).