turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

smulumu
New Member

Roth Ira distribution for Daughters college education

Hello,

I have 1099-r from  Roth IRA for $7250 which was used for Higher education fee for my daughter. I entered 1099-R details. I also have contribution of $8000 (over 50 year limit) to Roth IRA. As i took the distribution for higher education how do I show that in turbotax. I have code J in 1099-r . I have questions come up for first time home purchase , disaster relief but do not see any question related to higher education expense to record this as qualified distribution. I tried deleting adding 1099-r to make sure I am answering questions right. Also I have 1099-T from college. But I cannot enter as Turbotax as Income limit do not qualify for credit which I understand on education credit. My main question is how to show this roth-ira distrubiton as qualified for higher education. Any help is appreciated. I asked turbo tax live helo in the prudcat could not find right answer as one suggested to enter 1099-T but I cannot due to Turboxtax telling not qualfiied and do not give me option.

 

thanks a lot for any help

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DanaB27
Employee Tax Expert

Roth Ira distribution for Daughters college education

If you only withdrew your contributions then this isn't taxable and not subject to the 10% penalty. Therefore, you do not get the  "Did you use your IRA to pay for any of these expenses?" screen to enter the higher education expenses.

 

 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question