I took $5,000 from cash and put it into a 529. Do I enter this as negative (-$5,000) for the contribution amount?

Forum|Forum|1 year ago
March 13, 2025
2 replies
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DawnC

Level 15

529 Plan Contributions are not deductible on the federal return. They may be deductible on your state return though. What state are you filing a return for?

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brookehingramAuthor

Level 2

This is for New York State.

I think I figured it out... it should be entered without the negative sign.

Let me know if I am missing anything. Thanks for the help.

I took $5,000 from cash and put it into a 529. Do I enter this as negative (-$5,000) for the contribution amount?

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