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New Member
posted Mar 5, 2024 5:45:19 AM

How do I edit Misc Income for 1099 Q?

Edit 1099 Q

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1 Replies
Expert Alumni
Mar 5, 2024 5:47:55 PM

You can search for 1099-Q, then use the Jump to 1099-Q link to be taken back to where you can edit your entries.    If you know that the distributions from the 529 plan are not taxable because they were used on qualified expenses, there is no need to enter the 1099-Q form.  For most qualified education program beneficiaries, the amounts reported on the 1099-Q aren’t reported on a tax return.