Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I received a 1099q reporting the distributions made from my
I received a 1099q reporting the distributions made from my son's 529 for 2019. Included in the 2019 distributions was a distribution made on 12/30/2019 for his tuition for first semester 2020. The ch… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
5,291 satisfied customers
My son is a full-time college student. We claim him on our
My son is a full-time college student. We claim him on our taxes because we pay over half of his support. He lives at home. We pay for his college through his qualifying tuition plan (Texas Tomorrow F… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,561 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
4,561 satisfied customers
My son is filing his taxes for 2017. He received a 1099-Q
My son is filing his taxes for 2017. He received a 1099-Q with a gross distribution. He also has a 1099-T for his scholarship. All of these funds went to pay for his tuition. Why does it seem that we'… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,981 satisfied customers
My son received a 1099q in his name and I received a 1098t
my son received a 1099q in his name and I received a 1098t he is my dependent. he has earnings but I claim him. do I report the 1099q on my return with the tuition 1098t … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
My son is a college student, he does not work but he has a
my son is a college student, he does not work but he has a 529 college savings plan. I put all the information on my return but it said since he had made money on that, that he needed to put it on his… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,011 satisfied customers
I have 529 plans in my name and social. My two kids are
I have 529 plans in my name and social. My two kids are listed as the FBO. In 2016 we took gross distributions of 25,002. Of this amount 13,602 was considered earnings and 11,400 was my initial invest… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
Have just got a TAx letter, they are taxing my 529
have just got a TAx letter, they are taxing my 529 withdrawals … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,561 satisfied customers
I NEED SOME HELP IN FIGURING THIS OUT.. I RECEIVED A FORM
I NEED SOME HELP IN FIGURING THIS OUT.. I RECEIVED A FORM 1099-Q FROM AMERICAN FUNDS THERE ARE THREE ACCOUNTS FIRST ACCOUNT BOX 1 GROSS DISTRIBUTION $6094.00 BOX 2 EARNINGS $1493.27 BOX 3 Basis $4600.… read more
PDtax
PDtax
Owner
Master's Degree
5,004 satisfied customers
I am a 51 year old disabled man(SSDI benefits) with a child
I am a 51 year old disabled man(SSDI benefits) with a child in college (no income) who lives and is supported by my 82 year old father..he pays the vast majority of living expenses. My questions are 1… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 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
17,720 satisfied customers
23 year old full time student has $1,500 from earned income
23 year old full time student has $1,500 from earned income (W2), money in an investment account, rec'd 529 distribution and scholarship for college. He did not support himself from "earned" income, b… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
Two dependents, both attended local university during 2013,
Two dependents, both attended local university during 2013, both full time students - Received 1099-Q's in their name. The 1099-Q's are from a state guaranteed tuition program. I Have 1098-T's in thei… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
One of my sons just graduated from college with $16500 in student
One of my sons just graduated from college with $16500 in student loans incurred over the least 4 years. I would like to use his 529 to pay them off. I assumed that I could do this tax-free and now fi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
My wife and I are filing a joint return and want to claim our
My wife and I are filing a joint return and want to claim our son, who is currently in college, as a dependent. Last tax year (2008) we didn't claim him as a dependent because he had taxable earnings … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 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
My daughter has the Florida bright fuures scholarship which
My daughter has the Florida bright fuures scholarship which she uses to pay her housing and the Florida pre-paid that we bought 20 years ago that pays about 3/4 of her tution. I was told the bright fu… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
We made a 529 withdrawl in August to pay for my sons college
We made a 529 withdrawl in August to pay for my son's college tuition. Three weeks later he dropped out of school. The college refunded 80% of tuition and we redeposited in 529 plan the 80% repaid to … read more
Bill
Bill
Master's Degree
3,161 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

22,981 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x