Amanda44
Level 3

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?

 

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