Need to amend 2023 tax due to the wrong calculation related to 529 withdraw

Forum|Forum|11 months ago
April 23, 2025
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I already amended my 2023 tax once but now I realized another mistake which associate with my 529 withdraw. Can I amend the 2023 tax again?

Since there is no sheet of detailed calculation on the spending of 529 fund attached to the original tax form, I cannot tell where is the problem which led to an additional income from "excessive withdraw". But, I can show the calculation that I actually withdraw less than what I can. The question is how to make the amendment to show the correct calculation and what forms need to be modified in order to make the tax amendment.

Ask the Experts - Amend - April 2025

RobertB4444

You can amend an amended return.

I would suggest going in and adjusting the calculation on the return to match what you used for non-school-related expenses and then sending the return in by mail along with a letter of explanation.

The only amounts that should be entered on a tax return when you receive a 1099-Q are the amounts that are not spent on qualified education expenses. The amount of the withdrawal that was spent on qualified education expenses should not even be entered on the tax return.

@SHENM

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SHENMAuthor

I used Turbox tax and the numbers were filed in by the Turbox tax and I don't see a worksheet with any calculation. Should I sing into my Turbox tax account and ask for help to start the amendment?