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529 Help
Hello
I found myself in a situation I'm not sure there is a resolution to. I called my administrator on 12/22/22 and let them know I'd be taking out some money the first week of January 2023 for tuition due on the 10th. They made some trades which made it a taxable event so I received a 1099Q for 14K additional money. They did not send me the money until January 2023 but I guess since they traded the funds it was taxable. Now my tax person is saying I owe an additional $4k in taxes. Is there any way I can reverse this 529 withdrawal?
Thanks,
Devon
Topics:
‎February 10, 2023
9:15 AM