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Education
I've read a lot of conflicting answers to this, so just want to make sure I'm clear:
"You only need to report the 1099-Q when the 529 distribution is less than the total amount of tuition or if the amount is in excess of the tuition reported on the 1098-T."
In my case, the 1099-Q amount IS in excess of tuition reported on 1098-T because the school (apparently) did not receive/post payment sent in late Dec 2021.
So the fact that I paid for Spring 2022 tuition from 529 in 2021, but it does not show up on the 1098-T, the IRS should not give me grief about it?
‎April 5, 2022
2:30 PM