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Retirement tax questions
Are you entering Form 1099-Q in the Education section under Deductions & Credits?
Are you then saying the distribution was not used for education?
The earnings in Box 2 goes to Schedule 1 line 8z
flows to Form 1040 line 8
The 10% penalty tax is on Schedule 2 line 8
flows to Form 1040 line 23
You report the 1099-Q, not as separate entries. TurboTax will separate the amount in Box 2 from Box 1.
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March 21, 2025
2:16 PM