MarilynG1
Employee Tax Expert

Retirement tax questions

The 529 funds that were converted to a Roth IRA don't get entered into TurboTax.  Since this is a non-deductible rollover contribution, you need to track it yourself with Form 8606 to keep it non-taxable.  Also, if you're the recipient of the 1099-Q and your son is the beneficiary, the IRA contribution may be for him and he'll track it himself. 

 

 If the 1099-Q distribution was used for qualified education expenses, you don't need to enter it into your return, if you claim him as a dependent. Here's more info on Form 1099-Q.

 

@rmdesantis55 

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