topic It says I can't file yet due to a recent law passed by Congress regarding Qualified tuition program distributions. What does this mean? in Education

It says I can't file yet due to a recent law passed by Congress regarding Qualified tuition program distributions. What does this mean?

SuzRowdy — Wed, 29 Jan 2020 18:46:40 GMT

Re: It says I can't file yet due to a recent law passed by Congress regarding Qualified tuition p...

SusanY1 — Wed, 29 Jan 2020 20:43:12 GMT

You will see this message when you enter Form 1099-Q. A change in tax law very late in the year changed the way previously taxable distributions are handled for some taxpayers.

If your distribution from a Coverdell ESA or 529 College Savings plan was used only for qualifying education expenses, you are not affected by the change in the tax law, and you should remove Form 1099-Q from TurboTax and file your tax return. The IRS does not require the form to be included on a tax return unless there are taxable distributions.

To remove the form:

Login to your account at TurboTax.com.
Click on the Search Tool (magnifying glass) in the upper right of TurboTax.
Enter the search term 1099Q.
Click on the Jump to link that appears.
On the Form 1099-Q Summary screen, click Delete beside the form.
Click Done at the bottom of the screen.

If all of your distribution was not used for qualifying education expenses, you either can remove the form, as described above, and amend your return once the program has been updated or you can wait to file until the updates are made. It is not known at this time when those updates will be ready.

Re: It says I can't file yet due to a recent law passed by Congress regarding Qualified tuition p...

dwgoeb — Mon, 17 Feb 2020 03:46:39 GMT

Will TT update me when these updates are ready?

Re: It says I can't file yet due to a recent law passed by Congress regarding Qualified tuition p...

DaveF1006 — Wed, 19 Feb 2020 01:02:05 GMT

This should be ready now.because it has been passed by congress. if you are using Turbo Tax software, you may try updating the Turbo Tax program to see if you are able to report it.

Re: It says I can't file yet due to a recent law passed by Congress regarding Qualified tuition program distributions. What does this mean?

user425 — Sun, 21 Feb 2021 03:31:05 GMT

I have updated the software & continue to get the message:

Form 1099-R coronavirust dist - you can't file just yet due to a recent law passed by congress....

Is turbotax still waiting for an update from the IRS? I installed updates on 2/20/2021.

Re: It says I can't file yet due to a recent law passed by Congress regarding Qualified tuition p...

MaryM428 — Mon, 22 Feb 2021 00:27:33 GMT

The software has been updated, but your browser is holding old data. Use Chrome browser, not the app.

Follow these steps to clear the browser data:

Use the Chrome browser
Click the three dots in the upper right corner
Select Settings

Privacy and Security

Clear browser data for all time

Then sign in to TurboTax on the Chrome browser and review and file your return.