Get In Schedule In-529 2020

This guide provides a comprehensive overview of filling out the IN Schedule IN-529 form online. The form is essential for claiming credits related to contributions made to Indiana's CollegeChoice 529 Education Savings Plan.

Follow the steps to complete the form accurately and efficiently.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the name(s) as shown on your Form IT-40 or IT-40PNR at the top of the Schedule IN-529.
3. Fill in your Social Security number in the designated field.
4. In Column A, mark the box if you or your partner do not own the CollegeChoice 529 account. If you are the account owner, leave the box unchecked.
5. In Column B, enter the account number for each CollegeChoice 529 account for which you are claiming a contribution.
6. In Column C, list the total contributions made during the year for higher education expenses corresponding to each account listed in Column B.
7. In Column D, enter the total contributions made for K-12 education expenses for each account listed in Column B.
8. After filling out lines 1 to 9, proceed to line 10 and add the amounts from Column C.
9. Next, add the amounts from Column D on line 11.
10. On line 12, sum the total from line 10 and line 11.
11. Multiply the amount on line 12 by 20% and enter that result on line 13.
12. For line 14, enter the lesser value among the amount on line 13, $1,000, or $500 if filing separately.
13. Retrieve the amount from line 8 of your Form IT-40 or Form IT-40PNR and enter it on line 15.
14. Finally, on line 16, input the lesser of line 14 or line 15, and include this amount under line 6 of Schedule 6 (for Form IT-40) or under line 6 of Schedule G (for Form IT-40PNR). Save your progress throughout the process.

Complete the IN Schedule IN-529 form online to ensure you receive your eligible credit.