In November, 2023, we paid our son's tuition for Winter 2024, and also received reimbursement from the 529 Plan that we had established for our son (the beneficiary). In March 2024, our son received a $6,000 scholarship for Winter 2024, which was sent to his university. His university sent us (his parents) a $6,000 refund check in March 2024 with the description Winter 2024. We immediately re-contributed the $6,000 refund to our 529 plan for our son. Further complicating the situation, our son graduated, became employed, and will not be our dependent for 2024 tax purposes. He received a 1098-T with $0 in Box 1 (Payments received for qualified tuition and related expenses), $0 in Box 4 (Adjustments made for a prior year), $6,000 in Box 5 (Scholarships or grants), and $0 in Box 6 (Adjustments to scholarship or grants for a prior year). How should we handle this in TurboTax on our son's taxes and on our taxes so that his $6,000 scholarship, which was used to cover part of his tuition, is not seen as taxable income? How should we handle the 2024 re-contribution of $6,000 to our 529 plan for 2024 tuition reimbursed in 2023? We did not receive a 1099-Q for our son's 529 plan this year, as we had no withdrawals. Do we need to file an amended 1040 for 2023? The $6,000 scholarship/re-contribution was far less than the tuition we paid in 2023, and would not result in any taxable income for us or our son. Thank you for your help!
