PVAR_JAX
New Member

529 withdrawal

Hello there, I have a 529 for my son set up. in 2019, he worked in spring semester and earned enough to pay for the fall semester after taking into account for his living expenses while he was working. He is an out of state student.  Can I still withdraw funds tax free from 529 even though he paid for it? It seems I can't claim him as dependent. Can he still take American Opportunity credit if he files his returns? His earning are enough that he will need to file a tax return for 2019.

 

Thank you so much!