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Education
The 529 distributions can go towards room and board and still not be taxable. So, tuition is $9800. All books, other items required for an education, room and board add up to $9200 or more, the 529 distributions would not count and the forms do not need to be entered. If that is not the case, then one of the 529s may need to be entered and tax paid.
Depending on the college and expenses, there may be enough expenses to allow the child to claim some additional income and allow you to claim an education credit. The rules changed this year. Please read another post of mine for a potential increase in refund.
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‎April 11, 2022
4:37 PM