In June 2020, we received a refund of $6000, about half my daughters tuition expenses for that semester, due to a medical leave. I made the mistake of not depositing the funds back into her NY 529 account. While the original $13,000 tuition fees were a qualified distribution made directly to the University, now I understand I will need to show the earnings portion of the $6000 refund as taxable. From the 529 site I am able to calculate the prorate portion -- about $3000 in earnings. I do not have a 1099-Q that will show these amounts, since that would be based on the full semester tuition of $13,000. Would this be correct -- $3000 added to taxable income? How do I input this into TurboTax? What about the 10% penalty? The check was made in my daughter's name. Would this be her taxable income then?
