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Where to Enter New York 529 Plan Contributions

SOLVEDby IntuitLacerte Tax137Updated August 20, 2021

To enter a 529 Plan Contribution:

  1. Go to Screen 51.091, New York Modifications.
  2. Scroll down to the section New York Subtractions.
  3. Enter the dollar amount in the field S-103 College tuition savings deduction (code 9).

Additional Information: If the taxpayer made contributions as the account owner to one or more tuition savings account(s) established under the New York State 529 College Savings Program, then include contributions, up to $5000 ($10,000 for married filing joint) on Line 30 of the NY Form IT-201 (line 29 of the IT-203 in the Federal amount column only), New York's 529 College Savings Program deduction / earnings.

The program will automatically limit the amount entered to $10,000 for Married Filing Joint returns and $5,000 for all other filing Status?s. Afterwards, it will be combined with qualified tuition program distributions reported on Form 1040.

NOTE:  Page 30 of IT-203 form instructions state the amounts should be reported "in the Federal column only".

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