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Education
@KrisD15 You are correct. That would work too. And normally I would also recommend that method. Based on the numbers, here, it wouldn't make too much difference on actual tax.
But that's moot. Poster latest update indicated there was a 2nd 529 withdrawal that was used for the other $27904. Now she would have to declare all the scholarship taxable vs. $9996 of QTP earnings.
‎April 18, 2022
5:22 PM