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
Attend our Ask the Experts event about Family Tax Credits & Early Filers on Jan 29! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

JFW3
Level 2

529 to Roth Rollover

I met the requirements to do a 529 to Roth rollover in 2024 and moved $7000.  I see the 529 plan issued a 1099-Q for this transfer to the Roth account owner.  The only difference I note between this 1099-Q and the "normal" 1099-Q used to pay college expenses is that Roth rollover one has Box 4 "Trustee-to-trustee" transfer checked.  Does the Roth account owner have to report the 1099-Q?  And if so, how does Turbo tax know not to add the earnings amount to their taxable earnings?  

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question