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New Member
posted Mar 28, 2022 10:06:39 AM

Where in Turbotax do I input info from a 1099-QA and 5498-QA?

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2 Replies
Level 15
Mar 28, 2022 10:34:36 AM

What do I need to do with my 1099-QA form? If the money you withdrew from your ABLEnow account was used to pay for qualified disability expenses, the distributions aren't taxable and you don't need to report them as income. Just keep your 1099-QA & 5498 QA with your records for future reference.

Expert Alumni
Mar 28, 2022 10:42:06 AM

To enter your 1099-QA follow these steps:

 

  1. Sign in to your account Enter 1099-QA in the search box
  2. Click on Jump to 1099-QA in the results box
  3. Follow the screen prompts to enter your information

To enter your 5498-QA follow these steps:

 

  1. Sign in to your account Enter 5498-QA in the search box
  2. Click on Jump to 1099-QA in the results box
  3. Follow the screen prompts to enter your information

Here is a  link you may find helpful regarding ABLE Accounts:  TurboTax Article on Tax Benefits of ABLE accounts