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Education
Yes, if you entered a 1099-Q, you can add the room and board expense with the school expenses. As mentioned above, the room and board is not a qualifying expense for the education credits or the scholarship, but it will apply to the 529 distribution amount. Only the part of the 529 plan distribution that did not cover qualified expenses will be taxable, if any.
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March 7, 2022
3:40 PM
875 Views