What does "$7,000 On campus. $3,000 off campus" mean?
$10,000 total? The question is how much room & board expense can we allocate to the 529 distribution?
What does "$7000 (half from student worker - tax exempt, half from outside)" mean? We need to know how much taxable income the student has and whether it is earned or unearned income. "Student workers" are exempt from FICA tax, but usually not income tax, unless the wages are classified as scholarship. Then we need to know if it was already included in box 5 of the 1098-T or reported separately (W-2, 1099?).
