Booger Posted March 30, 2009 Report Posted March 30, 2009 Client received a 1099-Q with $124.68 in the earnings box. All of the funds were used to pay higher education expenses. Does the $124.68 get reported on Line 21 of the 1040 as "Other Income"? Quote
Booger Posted March 30, 2009 Author Report Posted March 30, 2009 Never mind....since all funds distributed were used to pay college expenses, then the earnings are non-taxable. Sorry for the stupid question. Quote
Margaret CPA in OH Posted March 30, 2009 Report Posted March 30, 2009 We all have them from time to time, stupid questions, that is. And I even have more than my share of stupid answers. Oh, it must be getting close to 4.15... Quote
Catherine Posted March 30, 2009 Report Posted March 30, 2009 We all have them from time to time, stupid questions, that is. And I even have more than my share of stupid answers. Oh, it must be getting close to 4.15... Too close AND not close enough.... :blink: Quote
Bart Posted March 30, 2009 Report Posted March 30, 2009 Too close AND not close enough.... 15 days 6 hours 44 mins Quote
Margaret CPA in OH Posted March 30, 2009 Report Posted March 30, 2009 Oh, geez, did you HAVE to do that? As someone once commented on Janitor Bob's avatar, that's scary! Quote
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