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Education
Generally, your 529 withdrawal does not have to match your 1098-T. The maximum allowed for a 529 deduction is 100% of the beneficiary's qualified higher education expenses paid in the year - tuition, fees, books supplies, equipment and room and board less $4,000 which is redirected to the American Opportunity Tax Credit (AOTC). So, as long as the the total withdrawal does not exceed the amount calculated as qualified higher education expenses, then you should be fine.
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March 29, 2020
12:30 PM