TStaeger
Returning Member

Retirement tax questions

I have a similar issue.  I've noticed that the 1099-Q form seems to truncate the first digit on the education expenses carried over from form 1098-T entry.  For example, 1x,xxx comes into the form where the taxable portion of gains are determined as x,xxx without the 1.  Out of curiosity, I made up a number, like 1y,yyy and the numbers comes over as y,yyy.  I tried deleting both forms and re-entering in different orders and went through the interview each time, but the same problem occurs and it shows that a portion is taxable even though my 1098-T amount exceeds my 1099-Q distributions.  I doubt it's a program error (and more likely a user error) but I thought I would post this just in case.