topic 1099-Q Box 2 Empty in Deductions & credits

1099-Q Box 2 Empty

Lumbers84 — Mon, 09 Mar 2026 07:10:16 GMT

On our 1099-Q notification, Box 2 is blank. The state education contract was canceled by us because of unused college credits. Does that mean Box 2 can be considered "zero"? Boxes 1 and 3 have the same amount.

Re: 1099-Q Box 2 Empty

Critter-3 — Thu, 24 Mar 2022 23:29:41 GMT

In the TT program do NOT fill in zeros when boxes on the form are blank ... simply leave them blank in the program as well.

Re: 1099-Q Box 2 Empty

Lumbers84 — Sun, 27 Mar 2022 16:21:47 GMT

So there is no calculation or a mistake on the part of the issuer? I'm confused because I thought it is income returned that was previously invested before taxes. I did see that the income could be classified as a return of investment which may have had no gain.

Re: 1099-Q Box 2 Empty

KrisD15 — Mon, 28 Mar 2022 00:30:48 GMT

If Box 1 and Box 3 are the same amount, there were no earnings in the distribution.

Re: 1099-Q Box 2 Empty

Lumbers84 — Mon, 28 Mar 2022 02:47:24 GMT

That's what I needed to know! Thank you!

Re: 1099-Q Box 2 Empty

Lumbers84 — Mon, 28 Mar 2022 14:59:53 GMT

TT would not let me file unless there was a number in box 2. Despite your advice, I had no choice but to enter a "0". If it was to be left blank, then TT has an error. If the "0" doesn't matter, then all should be well. I hope.

Thank you.