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January 31, 2020
Question

1099-Q shows Box 2 earnings of $3600. Earn too much to enter 1098-T education expenses to show I used ALL 529 withdrawals for college. How do I not show as income?

  • January 31, 2020
  • 1 reply
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1 reply

ColeenD3
January 31, 2020

Yes, if the screen will not allow you to enter, then just don't enter either the 1099-Q or 1098-T. 

 

As long as you know that this is the case, you will have the proof available.

 

When the box 1 amount on form 1099-Q is fully covered by qualified educational expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms.