I took withdrawl from a 529 plan to pay spring 2022 tuition in Dec 21. I mailed the payment in December 21 but it did not get posted at the college until 1/5/22. When entering in 1098 T information in Turbo Tax it provide a box for total tuition payment and you can enter in a different amount that Box 1 on the 1098 T. By doing this the withdrawl and payment now match with no tax impact. If I submit to IRS this way will they accept?
Yes
you are allowed to pre-pay up to 3 months but the IRS also likes the distribution to match the same year as the expense.
I suggest you have the funds transferred directly to the school going forward to avoid confusion.
ALSO be sure you adjust for 2022 next year, don't use "Spring 2022" expenses a second time.
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