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Level 5
June 8, 2024
Question

1099-Q

  • June 8, 2024
  • 2 replies
  • 7 views

Dependent received a 1099-Q for a 2023 Distribution. Since they are still a Dependent, I assume this 1099-Q is reported on the parent's return. Is this correct? This Dependent is at least a half-time student living at home when not in classes and is 20 years old.

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2 replies

Skylane
Intuit Community Champion
June 9, 2024

Yes

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Summit1Author
Level 5
June 9, 2024

Thank you very much!

Arnold

Intuit Community Champion
June 9, 2024

If used for qualified education expenses it doesn’t have to be reported at all.