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ABLE aCCOUNT CONTRIBUTION

Fareed
Level 1

Where to enter Able account contribution in proies professional

 

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3 Comments 3
Just-Lisa-Now-
Level 15
Level 15

Im not familiar with these, but when I hit the green WHERE DO I ENTER button and type in ABLE contribution, Form 8880 pops up and has a space for it.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Fareed
Level 1

Thank you. I also found the same. 

Howere, were do we enter Distribution form Able account

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Just-Lisa-Now-
Level 15
Level 15

again, Im not familiar with this type of account, a quick search of the IRS website shows that they work similar to a 529 and as long as the money was used for qualified disability expenses, none of it (including the earnings in the account) is taxable...what type of reporting form did they provide you with?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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