Hi,
My daughter took $500 out of her 529 plan for the first time this year for approved expenses. The payment went directly to her. We are filing her taxes and input her 1099Q form but now we are getting a notification on her return that we need to fill out form 5329. I've never had that before with my other kids. Why are we having to fill out the 5329 form because of her 1099Q?
I tested her return to make sure that is what was causing the extra from to be required. If I deleted her Q form we were able to submit her return with no issues.
Thanks
August
