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February 2, 2020
Question

Minnesota 529 responses in TurboTax Deluxe

  • February 2, 2020
  • 1 reply
  • 0 views

In Minnesota TurboTax question asks: "Your 529 Education Savings Account Distributions".  Who is TurboTax referring to...Owner, Trustee or Beneficiary (student) receiving the distributions???.  I am the owner and donor to 8 different 529s for my grandchildren.

    1 reply

    KrisD15
    February 9, 2020

    It is asking you as the owner of the account since Minnesota offers credit for 529 contributions. Only owners can contribute to their accounts. 

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