- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Thank you for response
To be specific, My child has a 1099q with Gross Dist of $23k - $20k was used for qualified expenses. $3k was used for unqualified expenses and the earnings on the $3k was $2k. When I try to put the $23k in turbo tax I get a much higher tax as he should only pay tax on the $2k of earnings. Can I just report the $3k distribution ? There does not seem to be a way to divide the 1099q .
Thank you
March 5, 2025
12:05 PM