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February 5, 2025
Solved

On wages&income page, for the "miscellaneous income, 1099-A, 1099-C" item, there's a dollar figure (thousands!). I want to know what that consists of but cannot find it.

  • February 5, 2025
  • 2 replies
  • 0 views
On wages&income page, for the "miscellaneous income, 1099-A, 1099-C" item, there's a dollar figure (thousands!). I want to know what that consists of so I drill in via add/edit button. This takes me to the miscellaneous income page which is about 12 items each with a button on the right. All of the buttons are labeled "start" except for one labeled "revisit". I assume the ones labeled "start" do not have any data entered for them. So, that means the amount should be coming from the item with the button labeled "revisit". It's the "other income not already reported on a Form w-2 or from 1099". Drilling into that I get asked about other wages received to which I select no and continue. I find myself back at the misc income page. In summary, I cannot find where the amount shown on the wages&income comes from.
    Best answer by KeshaH

    This amount is coming from a Form 1099-Q. You will need to enter the student's school expenses in the Deductions and Credits section to avoid paying tax on this distribution.

     

    @mister-broshar 

    2 replies

    February 5, 2025

    We can look at your return and see exactly what you see to help come to a resolution. The return will be scrubbed and won't include any of your personal details.

     

    Once you're logged in to your account,

    - on the left hand panel, click on Tax Tools and then choose Tools

    - on the pop up window, select Share my file with Agent

    - you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

    - click okay and you'll get another message with a token

     

    Reply to this message with your token and we'll take a look to see what we can find. Please let us know what states are included in your return, if any.

    February 6, 2025

    1267667

    Thanks.

    KeshaHAnswer
    February 6, 2025

    This amount is coming from a Form 1099-Q. You will need to enter the student's school expenses in the Deductions and Credits section to avoid paying tax on this distribution.

     

    @mister-broshar 

    February 5, 2025

    I'm having the exact same issue, and also cannot remove the entry (followed same path as you did).