1099-Q not fed taxed

draperlynn99 · ‎March 18, 2020

AmyC · ‎March 18, 2020

Correct, if it is all used on qualified education expenses.

You can actually remove the 1099-Q from your taxes entirely if all of the distribution was used for qualified expenses and you do not have any taxable distribution to report this year. The IRS does not require you to report the information when it is not taxable.

For more information about the 1099-Q click on this link: Guide to IRS Form 1099-Q.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

AmyC · ‎March 18, 2020

Correct, if it is all used on qualified education expenses.

You can actually remove the 1099-Q from your taxes entirely if all of the distribution was used for qualified expenses and you do not have any taxable distribution to report this year. The IRS does not require you to report the information when it is not taxable.

For more information about the 1099-Q click on this link: Guide to IRS Form 1099-Q.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

1099-Q not fed taxed