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New Member
posted Mar 12, 2025 5:27:33 PM

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

0 2 688
2 Replies
Expert Alumni
Mar 12, 2025 5:29:23 PM

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?   

New Member
Mar 12, 2025 5:43:11 PM

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.