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    #1

    1099q

    Client, Parent, received 1099Q for a dependent daughter.

    1099Q has SSN # and name of daughter.

    Should I report on parent's return?

    Thank you!
    Tags: None
    #2
    Distribution

    Is some portion of the distribution taxable for some reason?

    Or is the entire amount a tax-free distribution of funds that were used for qualifying educational expenses?

    BMK
    Burton M. Koss
    koss@usakoss.net

    ____________________________________
    The map is not the territory...
    and the instruction book is not the process.

    Comment

      #3
      Detail of 1099Q

      Originally posted by Koss View Post
      Is some portion of the distribution taxable for some reason?

      Or is the entire amount a tax-free distribution of funds that were used for qualifying educational expenses?

      BMK
      There is some portion of Earnings

      Box 1 = Gross Distribution = 9602
      Box 2 = Earnings = 4157
      Box 3 = Basis = 5445
      Box 5 = Qualified Tution program = State checked

      Entire amount ws used for Qualified education.

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