You have to put in your 1099Q even if you used all the distributions for education expenses because Turbo Tax calculates a running basis with all variables incl...
I have been receiving 1099Q’s for distributions for education expenses for over a decade and they have NEVER had an amount for box 2 and 3. In the fall I had to...
This year is the first year in the past decade Turbo Tax is requiring box 2 and 3 to be input for the 1099Q (I have 4 kids who attended college). My financial i...
Even if you used your ESA distribution for education expenses, you should still enter your 1099Q with expenses especially if you’re receiving any education cred...
Who answered this? Child tax credits are refundable depending on your income. What that means is you can receive the full amount even if you have no tax due. On...
