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Your distributions from 529 plans are generally reported on Form 1099-Q. Those distributions aren’t subject to federal tax if you used the funds to pay for qualified education expenses. You often don’t have to pay state tax either. However, distributions that exceed those expenses can be taxable.
NOTE: Your contributions to a qualified college savings plan are not deductible on your federal return, but may be deductible on your state return. If your state allows a deduction, you will see the entry point as you work through the state return. You can find more details here Information on 529 Plans
And if you received a 1099-Q, you can use the steps below to enter that form.
TurboTax Desktop Users:
TurboTax Online Users:
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