topic Re: problems filing due to QTP in Education

problems filing due to QTP

carsc — Fri, 21 Feb 2020 21:53:40 GMT

Any updates on this problem? "Other Income Statement: Qualified tuition program distributions - Spouse - You can't file just yet due to a recent law passed by congress. This means a better outcome for taxpayers like you who have taxable QTP distributions. We can keep working on your tax return and we'll let you know when we can help you finish up you taxes."

I have seen this question asked a couple of other times and the response to was to check back in a week. That was over a month ago.

We have $1000+ entered on Schedule 1 line 8 (4a) which is taxable QTP. I assume, if I'm saying this correctly, is due to having this amount voluntarily taxed so that we can take advantage of one of the college tax breaks? It amounts to a huge difference in our return.

Re: problems filing due to QTP

vesk2020 — Mon, 24 Feb 2020 00:24:06 GMT

I'm having the same issue and it's ridiculous. Filing and amending later is not an option--I need to get the learning tax credit to offset some of the money owed. I've tried calling multiple times and it seems that beyond paying the $50 to speak to a CPA (who will probably say it's an issue with the system) there are no other options. When will this be fixed?

Re: problems filing due to QTP

vesk2020 — Fri, 28 Feb 2020 00:37:14 GMT

I was finally able to file today. It appears a new worksheet was added.

Re: problems filing due to QTP

carsc — Fri, 28 Feb 2020 15:23:11 GMT

Thank you for your response. I too am finally able to finalize my returns.