ramraks
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So, if all the distributions were used for qualified expenses, he does not need to file a separate tax return.
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Quick point of clarification. So, if he used all of the 529 distributions for tuition, room and board, he would not have any income. I was under the impression ...
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My son's name and SSN is listed on the 1099 Q. The "income"on the 1099-Q is over 10k and I wonder if with this amount of "income" from 529 plans if I can still ...
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This is helpful.Is there a certain level of threshold income for the student beyond which he would be required to file an individual tax return?
Activity Feed for ramraks
- Posted Re: 1099 Q and dependent status on Education. February 13, 2020 12:52 PM
- Cheered Re: 1099 Q and dependent status for Hal_Al. February 13, 2020 12:51 PM
- Cheered Re: 1099 Q and dependent status for VictorW9. February 13, 2020 12:50 PM
- Posted Re: 1099 Q and dependent status on Education. February 13, 2020 11:59 AM
- Cheered Re: 1099 Q and dependent status for VictorW9. February 13, 2020 11:56 AM
- Cheered Re: 1099 Q and dependent status for NCperson. February 13, 2020 11:56 AM
- Cheered Re: 1099 Q and dependent status for Hal_Al. February 13, 2020 11:56 AM
- Posted Re: 1099 Q and dependent status on Education. February 12, 2020 7:47 PM
- Posted Re: 1099 Q and dependent status on Education. February 12, 2020 7:43 PM
- Cheered Re: 1099 Q and dependent status for NCperson. February 12, 2020 7:43 PM
- Cheered Re: 1099 Q and dependent status for Hal_Al. February 12, 2020 7:43 PM
- Cheered Re: 1099 Q and dependent status for KrisD15. February 12, 2020 7:41 PM
- Posted Tax Year Prior to 2020: 1099 Q and dependent status on Education. February 11, 2020 7:53 PM