Common questions about education-related adjustments in Lacerte

Report an education distribution (ESA's and QTP's)

1. Open Screen 14.3, Education Distributions.
2. In the Distribution list, click the payer.
3. Enter 1, 2, or 3 in 1= private 529 program, 2= state 529 program, 3= Coverdell ESA (5).
4. Enter amounts in the Form 1099-Q fields and ESAs Only fields as appropriate.

How do I enter educator expenses?

If the taxpayer or spouse is an eligible educator, enter the amount of expenses qualifying for the Educator Expense adjustment in Screen 24, Adjustments to Income.