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April 1, 2025
Question

Michigan Tax Return Question: Do I enter a "Qualified withdrawal" from Michigan Education Trust Plan in the Education Savings Program withdraws section in TurboTax?

  • April 1, 2025
  • 1 reply
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Education Savings Program Withdrawls section of MI state Return does not explicitly state Michigan Education Trust in the "Learn More" section. I want to know where in TurboTax I can enter a qualified withdrawl from MET?

1 reply

KrisD15
April 1, 2025

The Michigan Education Trust plan is an Education Savings Program, they are one in the same, HOWEVER please be aware that you are only entering an amount on the Michigan return if the withdrawal was included in your Federal income. 

 

If you entered the withdrawal (Form 1099-Q) in the Federal section of TurboTax, and the distribution was non-taxable on the federal return, do not enter it a second time in the state section. 

 

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