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Get your taxes done using TurboTax
The financial institution that issued you the 1099-Q sent it to the IRS. The IRS knows that you took the money. You are entering the education expenses - or your child is - in order to qualify for the education credits. So the IRS knows about the education expenses too. As long as the amount that you pulled out of the 529 is less than the education expenses then you're all set.
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‎April 6, 2022
11:13 AM