My son's room and board for the college dorm for 2024 was $16,000. His tuition for 2024 was $52,000. Total tuition plus room and board was $68,000. Distributions from the 529 plan for my son to pay for these items were $45,000. My son will be the recipient for these distributions on the 1099-Q. Scholarships in the amount of $23,000 covered the rest of the cost. I have extra money now in the 529 plan because of the scholarship. I will be taking a distribution from the 529 plan in the amount of the scholarship ($23,000) that will be paid to me (parent). My understanding is that the distribution to me (parent) will not be subject to a penalty. How do I enter the distribution paid to me (parent) in turbo tax to avoid the penalty being applied?
