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1099-Q

MGC94
Level 7

Taxpayer received 1099-Q FBO of grandson. 

Gross distribution 100% for school $18,135.50 

Coverdell ESA X 

Basis is blank. There is no dependent on her return. How do I make this non taxable or does it go on the grandsons return? 

0 Cheers
4 Comments 4
sjrcpa
Level 15

Whose SSN is on the form?


Ex-AllStar
Terry53029
Level 14
Level 14

If her SS is on the 1099Q when you enter it scroll to bottom of form and fill in numbers to make it nontaxable. As a side note only the earnings might be taxable. 

MGC94
Level 7

@Terry53029 @sjrcpa Not in her SS. In the grandsons

sjrcpa
Level 15

Then it is for the grandson's return.


Ex-AllStar