Question

Why would I get a 1099Q from the State of Florida for a PREPAID COLLEGE PLAN, ITS NOT A savings plan, paid for with taxed income over 15 years ?

It is not a interest earning savings plan, it was started long before they made a SAVINGS PLAN AVAILABLE ?

You received a 1099Q because there was a distribution from a College Savings Plan.

The distribution is not taxable if used for qualified educational expenses.

Here is a help article regarding your 1099Q: 1099Q

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