hegs
Level 1

429 Plan Withdrawal using Owner Name instead of Beneficiary

Hi, I made several withdrawals from my daughter's 429 plan for her college expenses but I chose myself (Account Owner) instead of her (Beneficiary) as to whom the funds should be sent to.  This triggered the 1099-Q Form to be sent to me and now the Earnings (Box 2) is being added to my income.  Is there any way to correct the Form.  The funds all went to pay for qualified education expenses so the withdrawal should be tax-free.

Thank you!