Deleted
Joined: May 15, 2024 14:54:02 GMT -5
Posts: 0
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Post by Deleted on Jan 28, 2012 19:29:29 GMT -5
My daughter received a 1099-Q from the state tuition program for 2011. I don't recall her ever receiving this before & this is her 5th year of college (post-bac program now).
She does not have earnings, and is my dependent. Do I need to file this 1099-Q distribution on my taxes somewhere? She was and is still in school, so all the funds were used for qualified education expenses.
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taxref
Junior Member
Joined: Dec 31, 2010 11:09:13 GMT -5
Posts: 220
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Post by taxref on Jan 28, 2012 20:01:09 GMT -5
You should have received a 1099-Q for each year you had withdrawals from your qualified tuition plan. That being said, if no portion of the distribution is taxable it is not reported on your 1040.
Be sure to reduce any qualified educational expenses by any tax-free educational assistance (scholarships and grants, but not loans) when determining the total qualified expenses.
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Jan 29, 2012 7:41:45 GMT -5
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