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Not applicable
posted Jun 3, 2019 10:13:00 AM

TurboTax NY is asking me to enter my total NY 529 contributions from 1998-2018. TurboTax has never asked me for this. Why is this needed year?

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1 Best answer
Level 7
Jun 3, 2019 10:13:01 AM

Did you have a distribution this year that you maybe haven't had in the past?

The information is needed to calculate the Line 22, page 18 (see link below) - its related to nonqualified withdrawals.

https://www.tax.ny.gov/pdf/current_forms/it/it201i.pdf

2 Replies
Level 7
Jun 3, 2019 10:13:01 AM

Did you have a distribution this year that you maybe haven't had in the past?

The information is needed to calculate the Line 22, page 18 (see link below) - its related to nonqualified withdrawals.

https://www.tax.ny.gov/pdf/current_forms/it/it201i.pdf

Not applicable
Jun 3, 2019 10:13:04 AM

It seems to be a bug in TurboTax 2018.  I didn't make any non-qualified withdraws, but the software asked for this anyways.  The good news is that TurboTax did not mistakenly use this to affect my bottom line.