Question

529 Distributions

Forum|Forum|7 years ago
April 5, 2019
1 reply
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I entered my 529 Distributions from my 1099-Qs. I had education expenses in excess of those distributions. Why was a small portion of income included on the Other Income page in my 1040. I thought that all distributions would be not taxes if used for education.

I would appreciate anyone's help.

P

PaulaM

After you enter the 1099-Q, enter the expenses in Expenses and Scholarships section under Education.

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B

BSheehan10Author

Thank you for the answer. I have tried that and it resulted in a small portion of the distribution being treated as income. I entered expenses in excess of the 1099 Q

Have you tried this in turbo tax? Wondering what would cause some of the 529 distribution to be called income.