Greetings,
I made a Qualifying withdrawal from my 529 plan for my son to pay for his college-off-campus rent. He is the plan beneficiary and is claimed on my taxes as fully dependent. The funds however I directed to my checking account. Now the 1099-Q I received has Box-6 checked; "Recipient is not Designated Beneficiary".
The recipient TIN is my own.
This caused my payable taxes to go up; although it is a Qualifying expense.
Question: How can I remedy this situation in Turbo Tax data-entry. Note: all the 1099-Q expenses are within the University's annual cost of attendance.
Thanks for your guidance.
