I've been submitting 1099Q and 1098T for years. For 2023, I have an unfortunate date situation.
I withdrew from my 529 in July 2023 for 2023 Fall Semester and December 2023 for 2024 Spring Semester. 529 funds go directly to me and I, in turn, pay the college. Unfortunately, the funds to the college did not post until 1/2/2024, so naturally my 2023 1098T from the college only has ONE semester payment. But, my 2023 1099Q has BOTH semester payments. In past years, I was careful to ensure the 529 withdrawls were done in the same year as payments to the college, so the 1099Q and 1098T always had 2 semesters.
How do I handle this situation? Turbotax is obviously taxing me on excess 2023 withdrawls!
