When Turbo Taxes asks about Refunds of Educational expenses (implying dropped class), should I say yes since we got Room & Board Refund? I keep saying no.
529 could not allocate first refund for Room & Board as a refund because the expense was paid in 2019, and the refund was not received until 2020. How do I allocate this in my college expenses or do I just label it as a 2020 "investment" and move on? If I put that in my Room & Board column, then I show I received more refunds than expenses in Room & Board since I paid Spring 2020 in December 2019, and the Spring 2021 payment was not processed until January 2021, although PAID from 529 in December 2020.
