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Get your taxes done using TurboTax
He's secured student loans in his own name that I am pretty sure exceed the amount I gave him through his 529.
No, no. no. The 529 distributions are not support from you. Doesn't matter if you are the custodian of the account either. It's still third party support.
So in short, when they say "support", it doesn't JUST mean food and shelter
Not even close.
-Food
- Housing (includes utilities)
- Transportation
- Entertainment
- Education costs
- Clothing
- Personal hygiene
...and that's not all inclusive either. It's what I can recall off the top of my head.
‎October 11, 2020
7:55 AM