dsacpa
Level 2

Thanks, but there is NO Form 1099-R from the MD529 Plan.  They received a Form 1099-Q referencing the $7,000 trustee-to-trustee transfer only.

I found that this is considered a qualified educational expense, so at the moment, I have the $7k as an other QEE.  This allows the rollover to NOT be taxable and not subject to the penalty.

I'm wondering if this is the proper reporting in ProSeries and on the tax return???/

 

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