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Retirement tax questions
I guess my situation is slightly different than the original post; I rolled funds over directly from a Coverdell ESA to a 529 account. Therefore form 8606 does not apply. I selected the box confirming that this was a direct rollover, and TurboTax is still saying I owe a ton of taxes now as a result of this 1099-Q I am trying to enter.
‎February 20, 2026
1:03 PM