david3
Level 8

TP received a 1099-Q reported to his SSN. The prior year the 1099-Q reported the TP's 24 year old son's SSN. The son is the beneficiary of the 529 plan.

TP's daughter was in college as well as the nondependent son. It appears that the 529 plan was used for both the daughter and the son. 

Since the son is the beneficiary, only the amount of college expenses for him is used as qualified expenses for the 1099-Q distributions. None of the daughter's expenses are considered qualified expenses, correct?

Therefore, there is a taxable amount to the recipient calculated on form 1099-Q. However, that amount isn't carrying over to Other Income line 8. That line isn't an enterable line and says it is calculated. 

What do I need to do for the amount to be reported on line 8? 

 

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