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Screen 1099Q - Education Program Payments (1040)

State-specific instructions
State
529 Plan Deduction / Credit Instructions
Alabama
PACT or College Education Savings Program: Enter the
State
 of AL,
Amount contributed in current year
, and
State use code
 of 23 to claim the adjustment on the Alabama return.
Arizona
Arizona and all other states 529 College Savings Plans: Residents and part-year residents need to enter the
Amount contributed in current year
 to claim the subtraction on the Arizona return. Part-year residents also need to enter the amount of contributions made during the period of residency in Arizona on the AZAdj screen. Nonresidents are not allowed a subtraction.
Arkansas
Tax Deferred Tuition Savings Program: Enter the
State
 of AR,
Amount contributed in current year
,
State use code
 of 5, and the
Account number
 to claim the adjustment on the Arkansas return.
Colorado
Tuition Program Contribution: Enter the
State
 of CO,
Amount contributed in current year
, and
State use code
 of 24 to claim the subtraction on the Colorado return. To apply a refund to a 529 plan account, enter the
State
 of CO,
State use code
 of 24, and
Account number
 for Direct Portfolio and Smart Choice accounts.
Connecticut
CHET Contributions: Enter the
State
 of CT,
Amount contributed in current year
,
State use code
 of 13, and the correct
Account number
 to claim the subtraction and/or apply a refund on Schedule CT-CHET on the Connecticut return. The account number and beneficiaries name will transfer to the CTBank screen. Enter the account type and amount of refund to apply on the CTBank screen in the General folder.
Delaware
College Savings Plan: Enter the State of
DE
, Amount contributed in current year, and State use code of
24
 to claim the subtraction on the Delaware return.
District of Columbia
College Savings Plan: Enter the
State
 of DC,
Amount contributed in current year
, and
State use code
 of 24 to claim the subtraction on the District of Columbia return.
Georgia
Higher Education Savings Plan: Enter the
State
 of GA,
Amount contributed in current year
, and
State use code
 of 24 to claim the subtraction on the Georgia return.
Idaho
College Savings Program: Enter the
State
 of ID,
Amount contributed in current year
, and
State use code
 of 24 to claim the subtraction on the Idaho return.
Illinois
Bright Start College Savings Pool: Enter the
State
 of IL,
Amount contributed in current year
,
State use code
 of 6, and the 10-digit
Account number
 to claim the subtraction. Prior year return deposits, state use code 6, and account number proforma to this screen.
Bright Directions College Savings Pool: Enter the
State
 of IL,
Amount contributed in current year
,
State use code
 of 14, and the 9-digit
Account number
 to claim the subtraction. Prior year return deposits, state use code 14, and account number proforma to this screen.
College Illinois Prepaid Tuition Program: Enter the
State
 of IL,
Amount contributed in current year
, and
State use code
 of 7 to claim the subtraction.
Indiana
CollegeChoice 529 Education Savings Plan: To claim the credit, enter the
State
 of IN,
Amount contributed in current year
,
State use code
 of 16 (Higher Education) or 21 (K-12 Education), and one of the following
Account numbers
:
11
-digit number that starts with 61, 62;
10
-digit number that starts with 200, 201, or 208; or
16
-digit number that starts with 200 or 201. Do not include letters or other non-numeric characters in the account number.
Iowa
Educational Savings Trust: Enter the
State
 of IA,
Amount contributed in current year
, and
State use code
 of 10 to claim the adjustment on the Iowa return. Amounts contributed in the current year are limited per beneficiary, per taxpayer and spouse on the Iowa 529 Contribution Limitation Worksheet.
Kansas
Kansas and all other states 529 qualified tuition programs: Enter the
Amount contributed in current year
 and the 11-digit account number to claim the subtraction on the Kansas return. Prior year return deposits,
State use code
 of 24, and
Account number
 will proforma to this screen.
Louisiana
START Savings Program: Enter the
State
 of LA,
Amount contributed in current year
, and
State use code
 of 24 to claim the subtraction on the Louisiana START Savings Program Worksheet. If the refund contribution is not entered on the federal 1099Q screen, mark the
Include refund contributed on the START Savings Program Worksheet
 field on the LASTART screen. Prior year refunds contributed are proforma'd to the LASTART screen for reference.
Maryland
Prepaid College Trust: Enter the
State
 of MD,
Amount contributed in current year
,
State use code
 of 18, and the 8-digit
Account number
 to claim the subtraction.
College Investment Plan: Enter the
State
 of MD,
Amount contributed in current year
,
State use code
 of 19, and the
Account number
 to claim the subtraction.
Massachusetts
Massachusetts Prepaid Tuition Plan: Enter the
State
 of MA,
Amount contributed in current year
, and
State use code
 of 25 to claim the subtraction on the Massachusetts return.
College Savings Program: Enter the
State
 of MA,
Amount contributed in current year
, and
State use code
 of 26 to claim the subtraction on the Massachusetts return.
Michigan
Education Savings Program (MESP) and 529 Advisor Plan: Enter the
State
 of MI,
Amount contributed in current year
, and
State use code
 of 3 to claim the subtraction on the Michigan return.
Education Trust (MET): Enter the
State
 of MI,
Amount contributed in current year
, and
State use code
 of 4 to claim the subtraction on the Michigan return.
Minnesota
MN in-state Education Savings Account contributions: For all residency types, enter the
State
 of MN,
Amount contributed in current year
,
State use code
 of 24, and the
Account Number
 to claim either a subtraction or credit on the Minnesota return.
Mississippi
Prepaid Affordable College Tuition (MPACT): Enter the
State
 of MS,
Amount contributed in current year
, and
State use code
 of 1 to claim the adjustment on the Mississippi return.
Affordable College Savings (MACS): Enter the
State
 of MS,
Amount contributed in current year
, and
State use code
 of 2 to claim the adjustment on the Mississippi return.
Missouri
Missouri and all other states 529 qualified tuition programs: Enter the
Amount contributed in current year
 to claim the subtraction on the Missouri return.
Montana
Family Education Savings Account: Enter the
State
 of MT,
Amount contributed in current year
, and
State use code
 of 22 to claim the subtraction on the Montana return.
Nebraska
College Savings Program: Enter the
State
 of NE,
Amount contributed in current year
, and
State use code
 of 20 to claim the adjustment on the Nebraska return.
New Mexico
Approved Section 529 College Savings Plan: Enter the
State
 of NM,
Amount contributed in current year
, and
State use code
 of 11 to claim the deduction on the New Mexico return.
New York
529 College Savings Program: Enter the
State
 of NY,
Amount contributed in current year
, and
State use code
 of 24 to claim the subtraction on the New York return. Note that these instructions are for New York residents only; nonresidents and part-year returns should use the NYAdj screen. To apply a refund to a 529 Plan, also enter the 11-digit
Account number
 for the NYS college savings account.
North Dakota
College SAVE Account: Enter the
State
 of ND,
Amount contributed in current year
, and
State use code
 of 17 to claim the subtraction on the North Dakota return.
Ohio
CollegeAdvantage 529 savings plan: Enter the
State
 of OH,
Amount contributed in current year
, and
State use code
 of 24 to claim the deduction on the Ohio return. Prior year return deposits,
State use code
 of 24 and
Account number
 proforma to this screen.
Oklahoma
529 College Savings Plan or Oklahoma Dream 529 Account: Enter the
State
 of OK,
Amount contributed in current year
, and
State use code
 of 8 to claim the adjustment on the Oklahoma return.
Oregon
529 College Savings Plan: Enter the
State
 of OR,
Amount contributed in current year
, and
State use code
 of 24 to claim the credit on the Oregon return.
Pennsylvania
Pennsylvania and all other states 529 Tuition Account Programs: Enter the
Amount contributed in current year
 to claim the deduction on the Pennsylvania return.
To apply the current-year refund as a donation on Schedule P for the Pennsylvania return, enter the
State
 of PA,
State use code
 of 24 and the 11-digit
Account number
 for the Pennsylvania 529 College Savings Program plan.
The account number and beneficiary's name transfers to the PABank screen. Enter the amount of refund to apply in the PABank screen in the General folder.
Rhode Island
Tuition Saving Program: Enter the
State
 of RI,
Amount contributed in current year
, and
State use code
 of 24 to claim the modification on the Rhode Island return.
South Carolina
College Investment Program (Future Scholar) and Tuition Prepayment Program: Enter the
State
 of SC,
Amount contributed in current year
, and
Type of account
 of 2 to claim the subtraction on the South Carolina return.
Utah
Utah my529: Enter the
State
 of UT,
Amount contributed in current year
, and
State use code
 of 15 to claim the credit on the Utah return.
Virginia
College Savings Plan: Enter the
State
 of VA,
Amount contributed in current year
,
State use code
 of 24, and the Account number to claim the deduction.
West Virginia
Prepaid Tuition/Savings Plan: Enter the
State
 of WV,
Amount contributed in current year
, and
State use code
 of 24 to claim the adjustment on the West Virginia return.
Wisconsin
Wisconsin sponsored College Savings Programs: Enter the
State
 of WI, the
Beneficiary's SSN
 and
Name
 fields,
Amount contributed in current year
, and
State use code
 of 24 to claim the subtraction on the Wisconsin return.
Data sharing
UltraTax CS enables you to share Schedule K1, 1099, W2, and 8615 financial data between 1120S, 1065, 1041, 1040, and Creative Solutions Accounting clients automatically. Note that UltraTax CS can transfer financial data
into
 1120C and 1065-B clients, but not
out of
 these clients. For details and examples, see Data sharing overview.
You must diligently review all data that is shared among clients. See Reviewing all fields updated via data sharing for information on how to access the Imported Fields Listing.
Source data entry
The UltraTax CS Source Data Entry utility enables you to enter data on facsimile versions of forms your clients submit for the preparation of their tax returns. Once the facsimile forms are completed, you can export the data to UltraTax CS and transfer it into your client data files via the data sharing feature. For more information including a list of available facsimiles, see UltraTax CS Source Data Entry overview.

General Information

Enter the appropriate information in the following fields.
The unit description uses the payer name from this field. This field is mandatory.
If you are processing a state return, enter a state postal code in this field for proper state processing. Press F4 from this field to view a list of available state postal codes.
See State fields in UltraTax/1040 for more information.
Choose
1
 for private qualified tuition plan,
2
 for state qualified tuition plan, and
3
 for education savings account.
Enter the code that describes the taxpayer's or spouse's relationship to the account. Choose
1
 for beneficiary,
2
 for account owner,
3
 for both account owner and named beneficiary, or
4
 for neither account owner nor beneficiary.
Enter
X
 if the final distribution for this account was made in the current year. This 1099Q does not proforma to the following year. Marking this box automatically reports a loss from the account on Schedule A, if applicable.
Enter
X
 if a corrected 1099-Q was provided for the 1099-Q being completed in the 1099Q screen.
Enter
X
 if you do not want to proforma the content of this screen.

1099Q Facsimile

Enter the appropriate information in the following fields.
Enter the Payer's/Trustee's address and ZIP code as reported on Form 1099-Q. This information is required for some state products.
Enter the account number as reported on Form 1099-Q. This field automatically updates the
Account number (For states: AR / CO / CT / IL / IN / KS / MD / MO / OH / OR / PA / VA)
 field, if that field is active.
Enter the gross distribution amount reported on Form 1099-Q, box 1.
Enter the earnings amount from Form 1099-Q, box 2.
Enter the basis from Form 1099-Q, box 3.
Enter
X
 if this was a trustee-to-trustee transfer of the entire balance of the qualified tuition program (QTP) or education savings account (ESA).
Check the type of qualified education program that made the distribution, as reported on Form 1099-Q, box 5.
Enter
X
 if the recipient of the distribution is not the designated beneficiary.

Contributions

Use this section to record contributions and basis information for each account.
Enter the social security number of the beneficiary on the account.
Select social security numbers and names of individuals present in the return in the
Beneficiary's SSN
 field. the
Beneficiary's first name and Beneficiary's last name
 fields will populate. A social security number not found in the return can be keyed into the field.
If Relationship to account is "Beneficiary" or "Both" this field will be inactive.
Enter the first name of the beneficiary on the account. If the
Relationship to account
 field is "Beneficiary" or "Both," this field is inactive. The unit description uses the information in this field.
Enter the last name of the beneficiary on the account. If the
Relationship to account
 field is "Beneficiary" or "Both," this field is inactive. The unit description uses the information in this field.
Enter the amount the taxpayer or spouse contributed to the QTP or ESA during the current year.
Enter X to calculate the maximum amount the taxpayer and/or spouse can contribution based on adjusted gross income limitations. This field is inactive if the Type of Account field indicates the account is a private or state qualified tuition plan.
Enter the taxpayer's or spouse's basis in the account as of the last day of the prior year.
Enter the value of the account as of the final day of the current year.
Enter the amount of the distribution excepted from additional tax.
Enter a positive or negative adjustment to modified adjusted gross income for purpose of calculating maximum education savings account contribution only. If the
Type of account
 field is a Private QTP or State QTP this field is inactive.
The codes that are available in this field are specific to the state postal code entered in the
State
 field. If state use codes are not applicable to the entered state, state use codes will not be available. Select a code from the fieldview for processing the 1040 state return. The QTP contribution state use codes and applicable state tax returns are listed in the table that follows.
Code
Description
Applicable states
1
Mississippi MPACT contribution
MS
2
Mississippi MACS contribution
MS
3
Michigan Education Savings Program (MESP)
MI
4
Michigan Education Trust (MET)
MI
5
Arkansas Tuition Savings Program
AR
6
Illinois Bright Start College Savings Pool
IL
7
College Illinois Prepaid Tuition Program
IL
8
Oklahoma 529 Savings Plan or OklahomaDream 529 Account
OK
10
Iowa Education Savings Trust
IA
11
New Mexico-approved Section 529 Plan
NM
13
Connecticut Higher Education Trust (CHET)
CT
14
Illinois Bright Directions College Savings Pool
IL
15
Utah Education Savings Plan (UESP)
UT
16
Indiana College Choice 529 Investment Plan
IN
17
North Dakota SAVE Plan
ND
18
Maryland Prepaid College Trust
MD
19
Maryland College Investment Plan
MD
20
Nebraska College Savings Plan
NE
22
Family Education Savings Account
MT
23
Alabama PACT or Alabama College ESP
AL
24
Qualified plan
AZ, CO, DC, DE, GA, ID, KS, LA, MO, NY, NC, OH, OR, PA, RI, VT, WI, WV
25
Massachusetts Prepaid Tuition
MA
26
Massachusetts College Savings Program
MA
This field is for state use only. This field is inactive if AR, CO, CT, IL, IN, KS, MD, MO, OR, PA, or VA is not chosen in the
State
 field
  • Arkansas:
     Enter the account number of the tuition savings account established under the Arkansas Tax Deferred Tuition Savings Program. The account number is used to match the contribution made through the current year Arkansas tax return overpayment with the tuition savings account. In the following year, the contribution that was direct deposited as a current year contribution is brought over.
  • Connecticut:
     Enter the appropriate account number to complete Form CT-1040, Page 3.
  • Illinois:
     Enter the 10-digit account number from the Bright Start or 9-digit account number from the Bright Directions College Savings Pool plans along with the related
    State Use
     code. The account number is used to match the contribution made through the current year Illinois tax return overpayment with one of the above plans. In the following year, the contribution that was direct deposited as a current year contribution is brought over.
  • Indiana:
     If claiming credit on Schedule IN-529, the account number must be 11 digits and must begin with the digits
    61
     or
    62
    , or must be 10 digits and begin with 200, 201, or 208. Do not include hyphens, spaces, or non-numeric characters in the account number if claiming the credit.
  • Kansas:
     Enter the 11-digit account number for the LearningQuest 529 Education Savings Program. If the current year's Kansas tax return overpayment is direct deposited to a Kansas 529 account, in the following year the account numbers are matched and contribution information is generated on this screen.
  • Maryland:
     If code
    18
     is entered in the
    State Use
     field, enter the 8-digit account number from the Maryland Prepaid College Trust statement for this beneficiary. The account number is used to calculate the maximum $2,500 subtraction from Maryland income for this prepaid contract. Each prepaid contact and its account number must be entered separately if a beneficiary has more than one prepaid contract. Any unused contract payments are carried to the following year on the Maryland College Savings Contribution Carryover Worksheet.
    If code
    19
     is entered for the Maryland College Investment Plan, enter the account number assigned to the beneficiary's college investment savings plan. If a beneficiary has more than one investment savings plan, all contributions paid on the beneficiary's behalf are used to subtract the maximum of $2,500 from Maryland income. Any unused contributions are carried to the following year on the Maryland College Savings Contribution Carryover Worksheet.
  • Missouri:
     Enter the 11-digit account number of the Missouri 529 College Savings Plan, which begins with the digits
    54
     or
    63
    . The account number is used to match the contribution made through the current year Missouri tax return overpayment with the tuition savings account. In the following year, the contribution that was direct deposited as a current year contribution is brought over.
  • Oregon:
     Enter the account number for the Oregon Savings Network (13 digits) or the MFS 529 Savings Plan (11 digits or fewer). The account number is used to match the contribution made through the current year Oregon tax return overpayment with the tuition savings account. In the following year, the contribution that was direct deposited as a current year contribution is brought over.
  • Pennsylvania:
     Enter the 11-digit account number of the Pennsylvania 529 College Savings Program statement for this beneficiary. The account number is used to match the donation made through the current-year Pennsylvania tax return overpayment with the tuition savings account. In the following year, the prior-year donation as the current-year donation will transfer.
  • Virginia:
     Enter the account number from the Virginia College Savings Plan statement for this beneficiary. The account number is used to calculate the $4,000 maximum deduction from income for taxpayers under age 70 for this contract. Each contract and its account number must be entered separately if a beneficiary has more than one contract. Any unused contract payments are carried to the following year on the Virginia College Savings Plan Carryover Worksheet.

Payments from QTPs/ESAs

Use this section to enter education expenses and adjustments to basis.
Enter the amount of adjusted qualified higher education expenses that were paid for with distributions from this Qualified Tuition Program. This amount automatically transfers to the Qualified Tuition Program Distribution Worksheet, if applicable.
Do not include expenses used to calculate an education credit or deduction elsewhere on the return.
Enter the amount of elementary and secondary education expenses that were paid for with distributions from this account for which the taxpayer or spouse is the beneficiary.
Use the field to enter the amount of a distribution by a beneficiary for which the taxpayer is the account owner. This information transfers to the QTP/ESA Basis Worksheet only. This field is inactive if the Relationship to account field indicates the taxpayer or spouse is the beneficiary or both account owner and beneficiary.
Enter other adjustments to the basis of this QTP or ESA in the current year. Information from this field is reported on the QTP/ESA Basis Worksheet only.
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