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Where does Student beneficary report excess distribution from 1099q on parents return ?

I am using the 1099Q and 1098T on my return in order to capture the credit.  TT states "Looks like your 1099-Q is taxable.  Based on the education expenses you've entered the student beneficiary must report $xxxx of taxable income from this distribution."  My question is how does he report that income?

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1 Best answer

Accepted Solutions
KrisD
Intuit Alumni

Where does Student beneficary report excess distribution from 1099q on parents return ?

Sign into the account and start the return

Click Federal on the left side-bar

Click Wages & Income on the top

Scroll down to Less Common Income and click Show more

Scroll down to Miscellaneous Income, 1099-A, 1099-C and click Start

Scroll down to Other reportable income and click Start

“Any Other Taxable Income?” screen click Yes

“Other Taxable Income” screen type   1099-Q Dist  click Continue

 

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1 Reply
KrisD
Intuit Alumni

Where does Student beneficary report excess distribution from 1099q on parents return ?

Sign into the account and start the return

Click Federal on the left side-bar

Click Wages & Income on the top

Scroll down to Less Common Income and click Show more

Scroll down to Miscellaneous Income, 1099-A, 1099-C and click Start

Scroll down to Other reportable income and click Start

“Any Other Taxable Income?” screen click Yes

“Other Taxable Income” screen type   1099-Q Dist  click Continue

 

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