Used child's 529 account for tuition in 12/20 (for spring term). College issued 2 refunds to us (in Jan

SM401 · ‎February 13, 2021

Refunds were due to pro-rated room

KrisD15 · ‎February 13, 2021

You can return the refunded amounts to the 529 Account within 60 days thus eliminating the potential tax.

When you enter the 1099-Q, the TurboTax program will ask if any amount was returned within the 60 day window.

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KrisD15 · ‎February 13, 2021

You can return the refunded amounts to the 529 Account within 60 days thus eliminating the potential tax.

When you enter the 1099-Q, the TurboTax program will ask if any amount was returned within the 60 day window.

**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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