529 to Roth IRA

Forum|Forum|4 months ago
April 13, 2026
2 replies
409 views

Hello,

I transferred $14,000 in 2025 ($7,000 towards 2024 and $7,000 towards 2025) under SECURE 2.0 from my Edward Jones 529 account. At the time, Edward Jones was NOT able to do a trustee to trustee transfer, and therefore send the full $14,000 to me, as a REGULAR DISTRIBUTION, which I IMMEDIATELY transferred to my Roth IRA. As a result I received a 1099-Q showing the entire amount ($14,000 plus another non-qualified $22,000) as a REGULAR distribution. How do I enter in TurboTax this 1099-Q which should be SPLIT between the $14,000 (qualified) and the $22,000 (non-qualified)?

Thank you

Willy Pesnec

TurboTax Business Windows

Best answer by AmyC

Follow these steps:

Open to federal deductions and credits
Locate Education
Select 1099-Q
Enter the form
Continue through the questions
Mark the $14,000 is treated as a rollover to another qualified plan

You will also need to:

Open to deductions and credits
select ROTH IRA
Enter contributions for 2024 and 2025.
Again, mark this as a rollover/conversion.

AmyCAnswer

Level 15

Follow these steps:

Open to federal deductions and credits
Locate Education
Select 1099-Q
Enter the form
Continue through the questions
Mark the $14,000 is treated as a rollover to another qualified plan

You will also need to:

Open to deductions and credits
select ROTH IRA
Enter contributions for 2024 and 2025.
Again, mark this as a rollover/conversion.

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wpesnecAuthor

Level 2

Thank you very much Amy, for taking the time to answer my question, so close to the tax deadline. I really appreciate it as there is quite a bit of money at stake. So .... I only received ONE 1099-Q from Edward Jones, for a total of $36,000, categorizing both withdrawals as TAXABLE DISTRIBUTIONS ($14,000 towards the tax-free 529 to Roth IRA transfer, and $22,000 actually cashed for other taxable purposes). Am I allowed to split this 1099-Q in TurboTax so it does NOT automatically flag the IRS?

Thank you very much indeed!

Willy Pesnec