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How do I explain a 1099Q that shows a gross distribution of $15K but I redeposited the money back into the 529 Education Account 10 days later after the distribution?
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A few screens after entering the 1099-Q, you will have the opportunity to indicate that you rolled it into another Qualified Education plan (within 60 days).
Even if the 1099-Q notes a distribution code (1), you will have the opportunity to indicate the indirect rollover and avoid tax. These screens are immediately after you type in the 1099-Q exactly as it appears.
Did you try going through the 1099-Q entry yet?
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