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March 4, 2020
Question

I recontributed a $3783 from my son's college back to his 529. TurboTax will not allow me to enter an amount greater than $655. What do I do?

  • March 4, 2020
  • 1 reply
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1 reply

KrisD15
March 7, 2020

Did you get a 1099-Q showing the full distribution (including the 3,783 rollover) or just a distribution of 655? 

Was the distribution and rollover/returned contribution made the same year? 

If the 1099-Q reports the distribution for 2019 while taking into account the returned 3,783, do not report the re-contributed amount.  

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