MaryK4
Employee Tax Expert

Education

Yes, as long as the 529 distributions were used for the educational expenses and paid within a reasonable time you can apply the costs even though they were paid in the next tax year- you just cannot use the same payments for education credits in 2020.  I recommend keeping a running total of expenses and payment for all the years so if there ever is an IRS issue, you have the records available instead of trying to find them later.  

 

@Bestvalue888

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