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1099Q

chenschuh
Level 3

I have a case:

1099 Q issued to mother's ssn#, FBO dependent's name. Box 6 checked. 

In proseries 1099Q A , I marked dependent; B  I marked mother

the extra distribution automatically added the taxable amount to the recipient to the mother's tax return.

Is there a way to transfer this income to the dependent?

0 Cheers
1 Comment 1
GodFather
Level 8

1099-Q.jpg Within the 1099-Q ProSeries form there are questions that need to be answered:

- Who was the designated beneficiary

- Who was the recipient

show that the distribution was for and received by the dependent, even though it has the mother's SSN on it.  As long as the proceeds were used to pay for the dependent's educational expenses you should be good.