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Parent withdrew from 529 and paid child's tuition. 1098-Q has earnings. Why am I being taxed?
I'm a parent who pays my daughter's tuition up front, then reimburse myself from her 529. I received a 1098-Q from the 529 savings account and my daughter received a 1098-T from her school. They offset each other.
The 529 account lists every withdrawal as qualified, so why does the 1098-Q have taxable earnings in box 2?
‎February 11, 2023
8:36 PM