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PMW0
New Member

I used Roth IRA for daughter's college educ. I entered my info on turbo tax and a list of exceptions pops up but, "Higher Ed." does not show up. What am I doing wrong?

 
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3 Replies
Coleen3
Intuit Alumni

I used Roth IRA for daughter's college educ. I entered my info on turbo tax and a list of exceptions pops up but, "Higher Ed." does not show up. What am I doing wrong?

Edited 6:05 2/15/18

Make sure the IRA codes are listed in Box 7. 

J – Early distribution from a Roth IRA

Q – Qualified distribution from a Roth IRA

T – Roth IRA distribution, exception applies

You won't see the screen below unless it is. (See the attached screenshot below. Click to enlarge.)

I used Roth IRA for daughter's college educ. I entered my info on turbo tax and a list of exceptions pops up but, "Higher Ed." does not show up. What am I doing wrong?

The IRA/SEP/SIMPLE box is NEVER checked for a Roth IRA.   The code in box 7 (J, T or Q) says that it is a Roth IRA, not the IRA box.

What code in in box 7 on your 1099-R?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

I used Roth IRA for daughter's college educ. I entered my info on turbo tax and a list of exceptions pops up but, "Higher Ed." does not show up. What am I doing wrong?

Higher Education should be the 5th entry on the list of exceptions for a code J.   If not there then  you might have made a previous incorrect answer.  The interview sometimes goes wrong if repeated.

I suggest that you return to the first 1099-R screen and delete the 1099-R and then re-enter.  The exception screen comes after the 1099-R summary screen and continue.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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