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Reporting non-qualified 529 Distribution <$600
I received a non-qualified distribution from an old 529 plan closed years ago. Since it was less than $600, no form was issued and I am unsure how to properly report it. The accompanying letter mentions 1099 Miscellaneous but this seems a little vague - I'm thinking this would have been reported on a 1099-Q. The beneficiary has long ago finished school and there are no education costs to offset the funds.
‎February 17, 2020
7:33 AM