I received three 529 disbursements (1099-Q) in 2021 - for spring 2021 (January), fall 2021 (August) and spring 2022 (end of December) semesters. The 2021 1098-T from the university is understated in that it seems to include qualified expenses (box 1) for fall 2021 and spring 2022 (box 7 is checked) payments, while not including spring 2021 expenses (these spring 2021 expenses were also not included in the 2020 1098-T from the university). I think the problem might be that the university switched systems for the 2021-2022 school year and reporting for the spring 2021 expenses were not brought over properly.
In any event, this makes box 1 of 1099-Q too high relative to box 1 of 1098-T and thus some of the 529 disbursement on the 1099-Q is being taxed. How do I handle? Do I manually adjust the amounts in box 1 (and box 5) of the 2021 1098-T form in TurboTax?
