thecoons
New Member

Retirement tax questions

My son's expenses exceeded his distributions from his 529, but what I found is that I am still being charged some taxes even though I entered both 1099-Q distributions and 1098-T qualifying expenses to show this was the case.  It seems like it is best to follow the recommendation to just leave the 1099-Q out altogether when you know and can prove your college expenses exceeded your 529 distributions for the year.