AmyC
Expert Alumni

Get your taxes done using TurboTax

No. The 529 covers room and board along with education expenses. If all of it is used, there is no taxable income and it should not be entered according to IRS Pub 970.

 

Without the additional income, your student should be below filing limits and not required to file a federal return. You can take a quick quiz, Filing requirement.

 

Filing a CO return for the refund might make sense.

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