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New Member
posted Jun 6, 2019 7:28:48 AM

I am resident of Iowa and pay for 529 in Utah state. Where I need to include that in my State and/or Federal return?

Started tax file using turbotax but do not see that while I was doing it.

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1 Best answer
Level 15
Jun 6, 2019 7:28:50 AM

Contributions for a 529 Plan do not go anywhere on the Federal Return.  

 If you are not the "participant" in the Iowa 529 plan, you may not deduct your contributions to that plan.

"Only contributions to these two Iowa 529 plans qualify for a deduction on the Iowa return; however, a rollover from another state's 529 plan to one of the Iowa plans qualifies toward the deduction for Iowa income tax."

This may help for 2018. 

 "College Savings Iowa or Iowa Advisor 529 Education Savings Plans

If you or your spouse participate in the College Savings Iowa 529 Plan (Iowa Educational Savings Plan Trust) or the Iowa Advisor 529 Plan, each may deduct an amount contributed not to exceed $3,188 per beneficiary. These are Iowa Section 529 Plans.

You must be the "participant" in the Iowa 529 plan in order to deduct your contributions. If you are not the "participant" in the Iowa 529 plan, you may not deduct your contributions to that plan."

Source:  https://tax.iowa.gov/expanded-instructions/other-adjustments-2   subparagraph (g) 

1 Replies
Level 15
Jun 6, 2019 7:28:50 AM

Contributions for a 529 Plan do not go anywhere on the Federal Return.  

 If you are not the "participant" in the Iowa 529 plan, you may not deduct your contributions to that plan.

"Only contributions to these two Iowa 529 plans qualify for a deduction on the Iowa return; however, a rollover from another state's 529 plan to one of the Iowa plans qualifies toward the deduction for Iowa income tax."

This may help for 2018. 

 "College Savings Iowa or Iowa Advisor 529 Education Savings Plans

If you or your spouse participate in the College Savings Iowa 529 Plan (Iowa Educational Savings Plan Trust) or the Iowa Advisor 529 Plan, each may deduct an amount contributed not to exceed $3,188 per beneficiary. These are Iowa Section 529 Plans.

You must be the "participant" in the Iowa 529 plan in order to deduct your contributions. If you are not the "participant" in the Iowa 529 plan, you may not deduct your contributions to that plan."

Source:  https://tax.iowa.gov/expanded-instructions/other-adjustments-2   subparagraph (g)