I took $5,000 from cash and put it into a 529. Do I enter this as negative (-$5,000) for the contribution amount?
02688
2 Replies
DawnC
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?
brookehingram
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.