TaxCPANY Posted August 28, 2013 Report 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
jainen Posted August 28, 2013 Report 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
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.