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D
denisemullineaux
June 4, 2020
Question

How do I report the 1099Q without incurring additional taxes? All were qualified distributions.

  • June 4, 2020
  • 1 reply
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1 reply

CatinaT1
CatinaT1
June 5, 2020

If the distribution was used for qualified educational expenses you do not need to report the 1099Q.

 

https://turbotax.intuit.com/tax-tips/college-and-education/guide-to-irs-form-1099-q-payments-from-qualified-education-programs/L6yxSZA87#:~:text=For%20most%20qualified%20education%20program,reported%20on%20a%20tax%20return.&text=Your%20adjusted%20expenses%20are%20%248%2C000,distributions%20on%20your%20tax%20return.

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