Amanda44
Level 3
03-18-2024
04:40 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I need some assistance with a client that I have. Going to post the gist of their forms below.
1098-T: Box 1 - $10,089 & Box 5 - $2,500.00
1099-Q: Box 1 - Gross Distribution - $12,124.85, Box 2 Earnings - $2,578.92, Box 3 Basis - $9,545.93
The 1099-Q is in the Student's name and SS# - parents claim the student.
They cannot take a credit for the expenses paid by the 529 MOST plan, correct?
I've entered both forms in Proseries but it's not taking into account the 1099-Q form. How do I get it to do that?
Labels