gtsforhim
Level 2
04-14-2020
08:22 PM
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Has anyone entered a trustee to trustee transfer of a College 529 plan? Tax form is 1099-Q and software wants to link to a student when in fact they are two children.
Any advice?
Thanks,
Doug
itonewbie
Level 15
04-14-2020
09:13 PM
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If this is a taxable rollover, skip over the beneficiary details and just complete the line items for distribution, earnings, basis, etc.
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Still an AllStar
gtsforhim
Level 2
04-14-2020
09:36 PM
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Thank you but it is a non-taxable rollover as children are 12 & 8 years old respectively.
itonewbie
Level 15
04-15-2020
02:16 PM
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If that's not a taxable rollover, there's nothing to report then.
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Still an AllStar
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SmRousso
Level 1
09-09-2022
04:32 PM
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Thx, this saved some aggravation.