To help pay for my daughter's college tuition, I requested and received a distribution from the 529 account I have set up for my daughter. I requested the distribution on 12/20/2019, and paid her tuition on 12/26/2019 via EFT through the college payment site. However, the college apparently did not receive the payment until 1/3/2020, which is when I see the payment taken out of my account.
So, the 1099-Q form from the 529 administrator shows the distribution for 2019, but the 1098-T form does not reflect the payment for 2019. Am I subject to the 529 distribution being taxed and having to pay the 10% penalty in this case?
Thanks!
