Support for 1099-QA form

[tneedham18]

Does turbo tax provide support?

[LinaJ2018]

Yes, TurboTax supports the form.  

 In TurboTax online program, please follow these steps:

1.  After sign into your account and select Take me to my return     

2.  At the right upper corner, in the search box, type in 1099qa and Enter 

3.  Select Jump to 1099qa

4.  On screen, ABLE account distributions included in income, enter information and follow prompts.

[germant54]

How do I work with a 1099QA in the Intuit Free Filer version? 

[DaveF1006]

You can enter the information by going to:

1. Tax tools
2. Tools
3. Topic Search
4. Type in 1099Q
5. At some point, the program will ask you to upgrade to TT Deluxe.  No way to avoid it.

[mariolamay]

How do I report 1099-QA?   How do I report 5498-QA?

[mariolamay]

Does the 1099QA work with CD Dist for desk top?  How to report 1099QA  and 5498QA?

[LindaS5247]

For TurboTax Online version to enter Form 1099-Q:

1. Open or continue your return
2. Select Search, enter 1099-Q and select Jump to 1099-q
   • You can also go to Federal, then Deductions & Credits, then Education
   • Select Start or Revisit next to ESA and 529 qualified tuition programs (Form 1099-Q)
3. Follow the screens to enter your info

For TurboTax Desktop/CD version to enter Form 1099-Q:

1. Open or continue your return
2. Select Federal Taxes and then Deductions & Credits
3. Select I'll choose what I work on
4. Under Education, select Start or Update next to ESA and 529 qualified tuition programs (Form 1099-Q)
5. Follow the screens to enter your info

You do not need to input the Form 5498-QA for your return as this is provided for your reference.  It is used when you need to determine the end of year value of your investment basis in the event of a distribution.

Contributions to ABLE accounts are not deductible on your Federal Tax return; however, they may be deductible on your State return depending on where you live. 
 

Click here for additional information on ABLE accounts.

Click here for IRS Pub 907.