dminter
Returning Member

Retirement tax questions

My Nebraska State Tax return asked if I "made an contribution to a Nebraska ENABLE Plan" in 2019. Yes, but the account is my son's (who is 18) account, but I'm on the account and opened it on his behalf. The Form 5498-QA was mailed to my son. Do I answer "yes" to the contribution question on my tax return? Or does my son have to file a return (which he has never done - never had an income) to report that contribution? My understanding is that it's a tax free account. It's not my account, it's my son's account, but we have contributed to the account in 2019. How do I answer the State tax question about contributions to an ENABLE account - "yes" or "no"? Does my son have to report anything?