TaxCPANY Posted August 28, 2013 Report Share Posted August 28, 2013 My US client withdrew 529 money in order to fund a dependent's tuition at the Scottish university she'd been accepted to. BUT, the student subsequently was denied a visa to attend that school. (Don't know why, yet.) The Scottish university refund of the 529-sourced payment occurred *more* than 60 days after my client had disbursed the funds; so the 529 plan is threatening us with penalties for "premature distribution, etc." How do I report/appeal this real-world, non-negligent predicament on the dependent's or parents' 2013 tax returns? Would there also be a way to petition the 529 plan trustee to document that problem? Great thanks in advance, Taxcpany Quote Link to comment Share on other sites More sharing options...
jainen Posted August 28, 2013 Report Share Posted August 28, 2013 >>the Scottish university<< WHICH university? On this list? http://studentaid.ed.gov/sites/default/files/international-schools-in-federal-loan-programs.xlsx Quote Link to comment Share on other sites More sharing options...
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