FOCUSGuy
Level 3
02-09-2025
06:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Section of the 1099-Q Worksheet: Coverdell Education Savings Account Computation of Taxable Distribution
Line of the 'Coverdell Education Savings Account Computation of Taxable Distribution' section: Line 14 Taxable amount to recipient.
Scenario: 1098-T qualified tuition box 1 entered in 1098-T worksheet is 5,000
1099-Q box 1 gross distribution is 2,000.
Desired Result: I want Pro Series to show 3,000 (5,000 - 2,000) as eligible for education credits, and no taxable amount of distribution.
As far as I can tell, I've entered everything into the 1098-T and 1099-Q worksheets ok. I must be missing something.
Labels