This is very helpful, thank you.
I haven't entered in the higher education expenses yet, I guess haven't gotten there yet.
But the situation you describe (in great detail, thank you!) looks like it is going to present something of a problem for me given the odd transaction sequence:
- the school posts tuition amount,
- I withdraw the amount from the 529 and pay tuition,
- the school system (Univ of CA) posts the grants a few weeks later and issues a refund for the overpaid tuition.
- I take the refund and put it back into the 529 assuming I'm in the clear for tax liability.
But it looks like I'm not going to be in the clear for the liability given the way the State calculates it. It's not a lot of money but it's an arcane way to get $ drained off.
Thanks again @DawnC !
