I have over contributions to my 529 from previous years that I have not reported as deductions yet. How do I report this carry over contribution for this year's tax return?
You'll need to sign in or create an account to connect with an expert.
Contributions made to a 529 plan are entered as part of your state return. Each state has different rules regarding carryover contributions, but if your state allows a carryover then the entry should be part of the 529 contributions page in your state return.
If you are having difficulty finding that exact entry, please share the state you are filing and someone can guide you to the right place.
thank you for responding. this is for the VA State tax
To report 529 carry over contributions on your VA return:
Invest529 account owners who are Virginia taxpayers may deduct contributions up to $4,000 per account per year with an unlimited carryforward to future tax years, subject to certain restrictions.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mettler55k
New Member
heykevk
New Member
tax124
New Member
DSP65
New Member
PNR1
Level 2