My son got a 1099-Q with a distribution of $29,000. $14,000 of that was used in Fall 2022 in qualified educational expenses and $15,000 was used in January 2023 for Spring 2023 classes. Does he need to pay income taxes on the $15,000? He transferred to a different school in January and it was not until the first week of January that the expenses were recorded but the distribution was made in December.
