How do I file for a 1099Q with receipts

[gdurden188]

filing 1099Q with receipts

[Critter-3]

If all the 1099-Q distributions paid qualifying expenses then you don't need to enter anything in the program at all.    

However if you wish to do so it is all entered in the Education expenses section of the Deductions & Credits tab. 

[mike8408]

I opened the 529 for my grandson and am the owner with him as the beneficiary.  I W/D $1000...the funds were sent to me & I sent them on to him.  I received a 1099Q with differing "Gross", "Earnings" and "Basis" figures.  What are my tax filing requirements if any?

[KrisD15]

That depends on what happened to the $1,000. 

If your grandson used it for education expenses, including room and board, you don't need to report the 1099-Q, just keep it with your tax file. 

If your grandson is not a student and does not have any education credit, you will need to enter the 1099-Q and you will be taxed on the earning portion. 

@mike8408