Many colleges have closed dorms due to COVID-19 for the balance of the Spring 2020 semester and may be refunding a portion of room and board. If the room/board were billed in 2019 (for Spring 2020) paid with a 529 plan in 2019, but the credit is issued in 2020, how is that handled? If the money is re-contributed to the 529 plan in 2020, will a new 1099 Q be issued for 2019?
