Calculate Schedule O, Part I - Qualified 529 Plan Contribution deduction

Follow these steps to calculate the Schedule O, Part I - IRC Section 529 Qualified Tuition Program Contribution deduction.
  1. Select the Educate folder, then the 1099Q screen.
  2. Enter the following data:
    • State postal code:
      PA
    • Amount contributed in the current year
    • State use code:
      24
note
The beneficiary information on Schedule O, Part 1, line 1, will default to whoever is indicated in the
T,S
field on the federal 1099Q screen. To indicate a beneficiary other than the taxpayer or spouse, select
2
or
4
in the
Relationship to account
field and complete the
Beneficiary’s SSN/first name/last name
fields on the federal 1099Q screen.
For part-year and nonresident returns, use the PA529 screen in the Income & Adjustments folder to allocate an amount that applies only to the Pennsylvania return.

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