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I am dual citizen of U.S and Switzerland and have to file my
I am dual citizen of U.S and Switzerland and have to file my U.S tax return. I was unemployed last year and also received unemployment compensation from Swiss Gov. I am not sure which all forms I need… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,691 satisfied customers
Wow. I have 1099Q in daughters name, she also has w-2
Wow. I have 1099Q in daughters name, she also has w-2 earnings from University. I can claim her as dependent, but need to know where I input both 1099Q and 1098T, … read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,354 satisfied customers
I received a 1099-Q showing Box 1 with $2,000, box 2 with
HI Barbara, I received a 1099-Q showing Box 1 with $2,000, box 2 with $650 and box 3 with $1,350. How do I know if it is taxable and where do I report it on my tax return? Thanks, Mel … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,287 satisfied customers
My 25 year old daughter started nursing school last May. Her
My 25 year old daughter started nursing school last May. Her tuition was free. I paid her fees,books,supplies and uniforms. I was reimbursed through a Coverdell educational IRA. She became ill and was… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,923 satisfied customers
Can you tell me where to report 1099Q income. I am a tax
I am a tax professional and have never encountered this form … read more
Rick
Rick
MBA
860 satisfied customers
GOT A 1099Q, NEVER SEEN ONE BEFORE. FILLED OUT THE TAX FORM
GOT A 1099Q, NEVER SEEN ONE BEFORE. FILLED OUT THE TAX FORM FOR CLIENT TAX RETURN AS PER WHAT WAS ON THE 1099Q, IS THAT ALL I NEED TO DO, OR IS THEIR WORK SHEET THAT NEEDS NEEDS TO BE DONE.… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,354 satisfied customers
Tax question. My total distribution on my 1099q exceeded
Tax question. My total distribution on my 1099q exceeded qualified education expenses and I have to pay tax on the excess. How is the tax calculated? … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,287 satisfied customers
I efiled my tax and realized i forgot to include my crypo
hello, I efiled my tax and realized i forgot to include my crypo currency gain, and i forgot to incude 1099Q. What should i do? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,526 satisfied customers
I have a question about how to report a 1099-Q distribution
I have a question about how to report a 1099-Q distribution from a Coverdell account. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,931 satisfied customers
When reporting payments from a qualified tuition plan on our
When reporting payments from a qualified tuition plan on our tax return, the computation is resulting in a tax because the 1098T is reporting tuition only. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,526 satisfied customers
Robin, one more question. I have a 1099-q boys 529 plan. my
Robin, one more question. I have a 1099-q for my boys 529 plan. my boys were living on their own this year and filed their own taxes so I can not claim them although we did pay for their school. we cl… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,931 satisfied customers
Wendy, I am reading the conversation regarding 1099Q with Customer
Wendy, I am reading the conversation regarding 1099Q with Customer and I am still confused. My daughter, whom we had purchased the Texas Tomorrow Fund years ago is now receiving the payments for her T… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
Good Morning! I am looking at this response below you provided
Good Morning! I am looking at this response below you provided 7 years ago (that is amazing & you are still doing this) & want to make sure I am correct. I took $10,000 from our education IRA for our … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,923 satisfied customers
My son, a full time student age 20 during 2012 received the
My son, a full time student age 20 during 2012 received the following for 2012: A 1098T(BILLED: $26,770 with scholarhip of $8,000) coupled with a 1099Q($18,365 -Gross Distribution), ($10,004 -Earnings… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,923 satisfied customers
I am a full time student and a depended on my parents taxes.
I am a full time student and a depended on my parents taxes. I had earned income of 1,540 on a w2 form and have a 1098T for 36,912. as qualified tuition to the university and 28,499. listed as scholar… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
I have a blizzard of 1099Qs and 1098Ts, and I dont know
I have a blizzard of 1099Q's and 1098T's, and I don't know what to do with them. I have 2 kids in college. My son got a 1098t for $6504.30, my daughter got a 1098t for $8034 (in their names). I have 3… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I received my 1099Q after filing my taxes, after plugging the
I received my 1099Q after filing my taxes, after plugging the information into my tax software it doesn't change my refund, the distribution was tax free. Do I still need to file an amended return to … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I left out form 1099Q from my 2008 income tax. I lost the
I left out form 1099Q from my 2008 income tax. I lost the letter from the IRS informing me of it. How do I correct it on my income taxes. Its for the Florida prepaid college plan I used in 2008.… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,240 satisfied customers
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Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

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