1099-Q, where to enter

Forum|Forum|2 years ago
April 13, 2024
3 replies
19 views

I know how to handle it in normal situation but what if client brings me 1099-Q for his daughter but client is divorced and his wife claims the student.. the 1099-Q is in dad's name for the benefit of his non-dependent daughter.. program is including the gains in income and a penalty.. how can you show expenses for college for a student that is not a dependent.. where do i put the expenses.. thank you

ProSeries Professional

PATAX

Level 12

Jim if the entire amount on the 1099q was used for qualified education expenses then I do not think you have to enter it anywhere. If I am wrong someone will come along and correct me.

IRonMaN

Level 15

PA is correct

Slava Ukraini!

Jim-from-Ohio

Author

Intuit Community Champion

very good. .thank you both

B

beanieweenie

Level 2

https://accountants.intuit.com/support/en-us/help-article/form-1098/entering-education-expenses-proseries/L68lWMqaw_US_en_US

taxiowa

Level 8

While it is true nothing gets sent with return, it always good to show your work. This involves contacting parents and student to see how much tuition and room & board was incurred. Then finding out how much parents used for tuition credit and how much either already offset against savings bonds or their own 1099-Q. You get to use whats left to offset your earnings.

Entry on top line of Q worksheet is beneficiary is someone else. Below the distributions from death there is tab for other student worksheet. Fill this out with amount used by others on line 17.

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