When paying the tuition as well as room and board for college, I paid from the 529 account last year twice. One time was mid-year for the fall term last year and another time was at the end of the year for the spring term this year. Now, I am not sure how to handle a situation.
(1) The form 1099Q include the total distribution for both but the form 1098T only include the tuition for the fall term last year. Looking into the account at the college, the tuition was paid on January 2. So, there is an apparent mismatch here. Looks like the distribution happened at the end of 2024 and the education expense occurred in the beginning of 2025. What should I do when filing the tax return?
(2) The form 1098T only include tuition (and scholarship) but not room and board. So, the numbers in 1098T will never match those in 1099Q, even if there is not the issue mentioned in (1) above. How do I include room and board in the tax return using TurboTax? (Since I was stuck in the issue in the issue mentioned in (1) above, I did not go further to tell whether there were places for me to enter room and board expenses.)
Please help.
