1099-Q (529 to Roth)

Forum|Forum|3 months ago
February 11, 2026
1 reply
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My son received a 1099-Q related to his transfer of 7k to his Vanguard Roth IRA. The form reflects this action as QTP to Roth. Entering the information into Turbo Tax 2025, the software wants to treat this as a taxable event, even when I select the QTP to Roth radio button. As I understand it this event is not taxable. Is this issue something that Turbo Tax will correct or do I just not report the 1099 -Q? Thanks!

Best answer by DaveF1006

If this was strictly a rollover, you do not need to report your 1099 Q. You would keep the 1099 Q for your records. Delete the 1099Q by going to:

Tax Tools
Tools
Delete a form
Delete form 1099Q

If working in Desktop, go to the forms mode. Locate form 1099Q, select it, and then delete it at the bottom of the form when it appears in the right pane of your screen.

DaveF1006Answer

Level 15

If this was strictly a rollover, you do not need to report your 1099 Q. You would keep the 1099 Q for your records. Delete the 1099Q by going to:

Tax Tools
Tools
Delete a form
Delete form 1099Q

If working in Desktop, go to the forms mode. Locate form 1099Q, select it, and then delete it at the bottom of the form when it appears in the right pane of your screen.

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