turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to report a 529 Plan Contribution without a 1099-Q Form?

I made a 529 contribution at the end of 2023, which is tax deductible for the state of New York.

However, they did not send me a 1099-Q form because I did not make a withdrawal in 2023 (I did one in Jan 2024). They told me my contribution would still be tax deductible, though.

 

How can I then report this contribution in Turbotax?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MayaD
Employee Tax Expert

How to report a 529 Plan Contribution without a 1099-Q Form?

Contributions to a 529 are after-tax and not federally tax deductible. You report your contribution on your state return. 

 

To report your contribution:

  1. Open NY return.
  2. Continue to the screen Changes to Federal Income.
  3. In the Education Adjustment section, clock start next to NY 529 College Savings Account Activity. 

 

If you're a New York State taxpayer and an account owner, you may be able to deduct up to $5,000 ($10,000 if you're married filing jointly) of your Direct Plan contributions

 

NY 529 college savings program

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

3 Replies
MayaD
Employee Tax Expert

How to report a 529 Plan Contribution without a 1099-Q Form?

Contributions to a 529 are after-tax and not federally tax deductible. You report your contribution on your state return. 

 

To report your contribution:

  1. Open NY return.
  2. Continue to the screen Changes to Federal Income.
  3. In the Education Adjustment section, clock start next to NY 529 College Savings Account Activity. 

 

If you're a New York State taxpayer and an account owner, you may be able to deduct up to $5,000 ($10,000 if you're married filing jointly) of your Direct Plan contributions

 

NY 529 college savings program

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How to report a 529 Plan Contribution without a 1099-Q Form?

Thank you! That worked.

Hal_Al
Level 15

How to report a 529 Plan Contribution without a 1099-Q Form?

The 1099-Q form is just for distributions (withdrawals).  There will be no information about contributions on a 1099-Q.  No tax form is issued by the plan administrator for contributions. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies