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My son enrolled for the second semester at one school. 529 money was paid, then he transferred after the start of 2017. The school didn't report the amount they refunded.

 
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MarilynG
Expert Alumni

My son enrolled for the second semester at one school. 529 money was paid, then he transferred after the start of 2017. The school didn't report the amount they refunded.

If your son received a 1098-T that shows an amount paid that does not reflect the refund amount, you can indicate that what was actually paid was different.  

 

When entering the 1098-T click the link that says 'What if this is not the amount I paid to the school?'.  A window will open where you can enter the amount actually paid.

 

Be sure to enter all education expenses (tuition, books, fees, room and board) for both schools, whether the school reported them to your or not.  

 

Education expenses, less any scholarships and refunds, are used to qualify for the 529 disbursement.

 

 

[Edited 3/12/2020 | 7:47 PM]

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1 Reply
MarilynG
Expert Alumni

My son enrolled for the second semester at one school. 529 money was paid, then he transferred after the start of 2017. The school didn't report the amount they refunded.

If your son received a 1098-T that shows an amount paid that does not reflect the refund amount, you can indicate that what was actually paid was different.  

 

When entering the 1098-T click the link that says 'What if this is not the amount I paid to the school?'.  A window will open where you can enter the amount actually paid.

 

Be sure to enter all education expenses (tuition, books, fees, room and board) for both schools, whether the school reported them to your or not.  

 

Education expenses, less any scholarships and refunds, are used to qualify for the 529 disbursement.

 

 

[Edited 3/12/2020 | 7:47 PM]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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