You can use your own math to divide the distribution in Box 1 on Form 1099-Q and enter each amount separately into TurboTax.
For example, if the amount in box 1 is $15,000 and used for two students, figure out what amount was used by each and enter the amounts for each student into the tax return.
Please see this TurboTax Help article with instructions on entering the information.
You can use your own math to divide the distribution in Box 1 on Form 1099-Q and enter each amount separately into TurboTax.
For example, if the amount in box 1 is $15,000 and used for two students, figure out what amount was used by each and enter the amounts for each student into the tax return.
Please see this TurboTax Help article with instructions on entering the information.
To be clear, even though I only received a single physical 1099-Q form, I can enter the individual amounts for each of my dependent(s) into TurboTax, correct? Thank you.