Hal_Al
Level 15

Education

  To be a qualified distribution, money must be taken out of the 529 plan in the same year that the expenses were paid. 

 

The simple thing to do is just apply what you withdrew in January  to expenses you have later in 2023. 

 

For alternatives, see:

https://ttlc.intuit.com/community/college-education/discussion/529-provider-distributed-funds-on-12-...

https://ttlc.intuit.com/community/college-education/discussion/i-took-a-529-distribution-in-2021-for...

 

Reference: https://www.savingforcollege.com/article/timing-of-529-plan-distributions-must-match-qualified-expen...  Note: Roll over within 60 days

 

 

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