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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?

The more I know, the more I don't know.
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.

The more I know, the more I don't know.