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Timing mismatch of 529 distribution shown on 1099-Q and Education expenses
My son's distribution (he was the recipient) from the 529 account shows payments intended for the spring 2022 semester (distribution was made on 12/29/21 and received by the institution on 1/6/22). TT states that this should be taxable income in 2021. This seems like just a timing issue and should be correctable and applied in the 2022 return.
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‎April 12, 2022
4:42 PM