paquara
Returning Member

Education

For one daughter I had submitted her taxes prior to the COVID - send the kids home from college and issue the kids a credit.  I have returned the amount back to the 529 plan.  But I didn't include the amount on the 1099- Q on her taxes because I thought I was supposed to list it on my taxes because I was trying to reduce my taxes with education expenses.  Now I believe tax forms have been revised to include any refunds.  Do I need to amend her tax and what documentation do I use if the amount taken out of the 529 plan (with the refund now sent back) is not the value on the 1099-Q form?  What value do I enter since the plan is not issuing a new 1099-Q or will this all be adjusted for 2020 forms?