Hello,
If I pay off my student loan in December, then can I claim all my student loan payments for the year (monthly payments for the year + payoff amount) as a 529 Qualified Withdrawal or can I only claim the payoff amount as a 529 Qualified Withdrawal?
For example:
I pay $100/month January through November for a total of 11 months times $100 = $1100.00.
I decide to pay off the balance $3750.00 in December.
Can I claim 1100.00 + 3750.00 = $4850.00 as a 529 Qualified Withdrawal?
Or just the payoff amount of $3750.00 as a 529 Qualified Withdrawal?
Thank you!
