Since there seems to be a bug in calculation of excess 529 distributions, I'm wondering if a workaround would be to delete all of the education forms for this student. Our distributions were all qualified expenses and we did not take excess distributions. The amount of distributions exactly equaled amounts paid for tuition, allowable room and board, and the $8,000 student loan payoff. This student graduated in 2020 and we are not trying to qualify for the AOC or LLC. If I can delete all related forms to stop calculation of additional income on excess distributions that don't really exist, that might be easiest.
Any advice on which forms to delete?
1099-Q, 1098-T, and the Student Info Worksheet?
Schedule 1 which shows additional income from qualified tuition plan?
Other Income (which regenerates if deleted)
5329 (which regenerates if deleted)
Thank you in advance to any experts who can advise me!
