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Get your taxes done using TurboTax
Ok. So would I need to deposit the $14k I took in 2022 back to the account and then withdrawal it again so it shows up in 2023? My accountant told me that since the distribution was made in 2022 and I didn't have a tuition expense in 2022 to offset it, I would have to pay taxes on it in 2022. The tuition,room and board was paid January of 2023. Thanks in advance.
‎February 10, 2023
10:02 AM