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leahafine
New Member

Did you receive a qualified state tuition distribution from a 529 College Savings Plans? i do not understand this question

 
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Fern
New Member

Did you receive a qualified state tuition distribution from a 529 College Savings Plans? i do not understand this question

529 Savings Plan is a specialized account used to pay for college education expenses. The tax benefit for these accounts are that the income earned on the amounts contributed are not taxes as long as the account is used for educational purposes.

The question is asking if you received a distribution from a 529 account to help pay for college costs.

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