My son graduated college in May of 2021. He didn't receive a 1098-T for 2021 even though we did pay some of his tuition in 2021 (~$16K) per the university's installment plan. I believe this tuition amount was included in his 2020 1098-T as box 7 is checked and the Box 1 amount does include the full year's tuition payment. I did withdrawal money from our 529 in 2021 (~$16K) for him and that amount is listed on a 1099-Q for 2021. My question is will I take a tax hit since I have 529 distributions in 2021 per 1099-Q but have no 1098-T to enter for 2021?
