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DawnC
Expert Alumni

How to report tuition refund reinvested into 529 within 60 days

Enter it in Other Reportable Income.  Follow the path below to get to that entry spot in TurboTax.   All you need to enter is the amount and a description.  

 

  • Personal Taxes/Federal Taxes -  depending on what version you are using  >>
  • Personal Income/Wages & Income  >>
  • Less Common Income - last section  >>
  • Miscellaneous Income 1099-A, 1099-C  - last section in the list  >>
  • Other Reportable Income - last item in miscellaneous

 

@Whitstar03 

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How to report tuition refund reinvested into 529 within 60 days

Thank you!  I almost had it correct.  I put it under reimbursed deductions.  I just moved it.  HUGE THANK YOU.  I have been struggling with this for hours.

Hal_Al
Level 15

How to report tuition refund reinvested into 529 within 60 days

If you had $740 of room and board or/or book & computer expenses, before she dropped out, you do not need to report distribution as taxable.

How to report tuition refund reinvested into 529 within 60 days

Thank you, Hal_AI

 

I do still have the meal plan I never reimbursed myself for.  Thanks for the tip!

 

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