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Education
Tuition for USC is due on January 6th. Because of the New Years holiday with banks I pulled the money from the 529 On Dec 31st. Now my 1098-T for 2021 doesn't reflect the tuition due 6 days after the year change and Turbo Tax has calculated taxes are owed.
You state you do not need to add in the 1099-Q as long as you have the paperwork to justify the Tuition payments and other expenses (room, board, books). If I do not add the 1099-Q the student receives fed tax back. If I add it we owe money.
Please confirm that I do not have to add in the 1099-Q
‎February 21, 2022
4:20 PM