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- 1099 Q - Non-Qualified Distribution from a 529
1099 Q - Non-Qualified Distribution from a 529
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Vermont Pure
Level 1
03-08-2021
02:00 PM
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I spent an hour and a half yesterday and today trying to get the income from above and penalty on same to come through on the return. All the input is in the software to do the calculation but neither the income was being reported nor was the penalty being calculated.
I have a very nice call with a ProConnect person who couldn't figure out the problem and finally told me that the software would not calculate this and I'd have to do an override.
Seems like putting a programmer on it for 1/2 hour would solve the problem.
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1 Comment 1
puravidapto
Level 7
09-17-2021
06:53 PM
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ProConnect does compute penalties if qualified education expense is less than 1099-Q amount.
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Click this link to vote. Like many good things in life, we have to fight for them.
Click this link to vote. Like many good things in life, we have to fight for them.
