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merllene
Level 2
 
0 Cheers
1 Best Answer

Accepted Solutions
IRonMaN
Level 15
8 Comments 8
IRonMaN
Level 15

"Can I still use the distribution, earnings and basis on the child's return?"

You do realize that you would be picking up income trying to "use" the 1099Q?  If the funds were all used for college related expenses, you can just ignore the 1099Q.


Slava Ukraini!
IRonMaN
Level 15

Evidently I am losing my mind because I am posting answers to 1099Q questions that don't exist.  I know nobody would go back and delete a question after they asked for help 🤔


Slava Ukraini!
sjrcpa
Level 15

I saw the 1099-Q question, too so your sanity is intact for now.


Ex-AllStar
IRonMaN
Level 15

IRonMaN_0-1649091097214.png


Slava Ukraini!
Skylane
Level 11
Level 11

@IRonMaN 

I see no question... therefore one was never asked........ 

A question, however, can be imagined from your reply... 

IF the OP had actually asked the imaginary question that you correctly answered, they would express gratitude by marking your thoughtful reply as solved. 

 

If at first you don’t succeed…..find a workaround
abctax55
Level 15

"..... nobody would go back and delete a question after they asked"

Sorta depends on the question (and implications of) asked 😆

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
IRonMaN
Level 15

Did I forget to turn that sarcasm font on when I said that 😜


Slava Ukraini!
abctax55
Level 15

/S.... but I got it anyway 🙂

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"