How do I enter a REcontribution to a 529 plan to reduce what now appears as income due to my 1099-Q including funds which were returned to the 529plan?

[juanitatreed]

I withdrew funds from my 529 plan to pay my daughters tuition, but returned the funds to the same 529 plan a week later as she decided not return to college. (I am the account owner, she is a beneficiary)

Her 1099-Q from the 529 plan includes that "unused" money, which now seems to appear as "income" on my federal return -- which I seem to be getting taxed on. Is there a way to show the Recontribution on the federal form so I am not paying on money I didn't use? My Year-End Statement from the 529 reflects to contribution.

[Anita01 · Accepted solution]

As you enter the 1099-Q, continue on through the interview.  You're asked if you transferred money to another 529 within 60 days.  Say Yes there.

[juanitatreed]

Thank you for your help. I actually did find this section in Turbo Tax prior to receiving your answer, so I really appreciate you affirming that I made the correct choice!