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Retirement tax questions
Money that comes from a 529, must be reported on the 1099Q. Contact the plan administrator. Here is what the IRS says in Topic NO. 313:
Distributions
You should receive a Form 1099-Q (PDF) from each of the programs from which you received a QTP distribution. The amount of your gross distribution (box 1) shown on each form will be divided between your earnings (box 2) and your basis or return of investment (box 3). Form 1099-Q should be made available to you by January 31, 2020.
Additional Information
For additional information, refer to Chapter 8 of Publication 970, Tax Benefits for Education.
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‎January 31, 2020
2:30 PM