FOCUSGuy
Level 3

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.  

 

 

 

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