Screen MN529 - Minnesota 529 Contributions (1040)

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Overview

Use this screen to complete the data entry for
Schedule M1529, Education Savings Account Contribution Credit or Subtraction
. Data is entered on the 1099Q federal screen and is transferred to this screen for resident returns. For part-year and nonresident returns, data is transferred from the federal screen when MN is selected as the state and
24
is selected as the state use code.

General Information

In-state contribution amount for the current year
Use this field to allocate contributions to a 529 Plan for Minnesota part-year residents to complete Schedule M1529 data entry.
Distribution amount in current year and Education Savings Account Subtractions
Use these fields to calculate Minnesota tax on distributions from 529 plans that were not used to pay for qualified education expenses.

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