GeorgeM777, Thank you for the detailed response. You mention one is able to correct/add to the 1099-T amounts. Where is this done?
Since the excess I withdrew ($11K) was used to pay for 2022 expenses (for which I have documentation), can I increase the amount paid for Room & Board to equal the excess amount I withdrew? Doesn't the IRS want to make sure that the amount withdrawn covers qualified expenses? The excess withdrawn WAS use for qualified expenses, but just for the next calendar year (3 days later).
For 2022 taxes, my 1099-Q will be $11K less, since it was already reported for 2021. So everything balances out when considering the years 2021 and 2022. Would this be a good defense if I am audited? Thank you for your time.
