KrisD15
Expert Alumni

Retirement tax questions

NO. 

 

If the distribution (5,300) was used for Room and Board (8,975) don't enter it anywhere. It isn't taxable.

Entering Form 1099-Q is essential but confusing when it needs to be done to claim tax. 

 

Since this will not trigger any tax, don't enter it. 

 

Keep a copy with your and your child's tax file. 

 

Pub 970

 

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