Yardley CPA Posted March 26, 2015 Report Share Posted March 26, 2015 Client received 1099Q for distribution from the 529 plan she opened for her daughter. Since opening the 529, client has divorced and her daughter is being claimed on her ex-husbands return. How should I report the $5,000 1099Q distribution? Client did pay tuition with this amount but since her daughter is not her dependent should it be reported on Line 21? Thanks very much! Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 27, 2015 Report Share Posted March 27, 2015 As I understand it, the amount not spent on education is the amount to report on line 21. If any of those funds were used for tuition and fees then that amount is deducted from the total with the remaining amount on line 21. Quote Link to comment Share on other sites More sharing options...
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