CPA Marty
Level 2
02-11-2022
03:33 PM
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sjrcpa
Level 15
02-11-2022
04:02 PM
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An estate or trust is an account owner and got a distribution?
The more I know the more I don’t know.
CPA Marty
Level 2
02-11-2022
04:12 PM
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Yes.
IRonMaN
Level 15
02-11-2022
04:17 PM
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I would put the earnings in as other income.
Slava Ukraini!
CPA Marty
Level 2
02-13-2022
07:04 AM
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But what if it was a qualified 529 plan distribution, and thus not taxable?
IRonMaN
Level 15
02-13-2022
07:42 AM
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What line do you enter a nontaxable distribution on a 1040?
Slava Ukraini!