What are 529 Earnings on my Form 1099-Q?

529 earnings are shown in Box 2 of your 1099-Q. The earnings are the amount of interest income, dividend income, capital gains, etc., that your original investment in the 529 plan has earned over the years.

You can't claim a loss (negative earnings) unless this is your final distribution. If Box 2 is negative and it's not your final distribution, enter zero.

How much of my Form 1099-Q income is taxable?

Free federal for everyone

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