stem726
New Member

1099-Q in Error?

I requested withdrawal for a nonqualified expense from my child's 529 plan for an emergency that turned out to not be needed.  After the transaction occurred, I called to cancel the transaction which was successfully completed.  A 1099-Q was still issued, even though the funding was reapplied to the account/funds, and I cashed no checks.  Is this correct since the funds were returned to the account/funds by representatives of the plan?