spgmfo
New Member

529 plan distribution for full year

I paid a full years tuition using 529 plan funds.  The college 1098T is for only the first semester.  The 1099Q shows distribution amounts for the entire years amount.  Turbo Tax shows excess taxable income since 1099Q amounts are 2x 1098T amounts.  All funds were transferred directly to the school.  What can be done?