michele
Level 7

I have  a return 2 children with 1099q distributions for elementary education. This should be capped at

10,000 each I can't see where Lacerte is getting the figure that is taxed. 1 child had a distribution of

10498.00 I would figure the 498 should be taxed and lacerte is showing $133. The other child was less than the 10,000  The 2 children had a total of 19109. I was figuring all avenues as to how lacerte was doing this and don't see where $133 was arrived at. Anyone else have 1099-Q issues?

 

Thanks

Michele

0 Cheers