- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Use of 529 funds to pay for multiple computers
We know that a computer is an essential part of college attendance (hence required) as most education, textbooks, quizzes, homework, research and exams are conducted on the computer.
Hence the following hypothetical question:
Is there any reason that an undergrad college student should not purchase a new expensive computer 'every year' while attending college and pay for it using the 529 distributions? Will this become a questionable or flaggable event from the tax audit perspective? (or perhaps the computer is lost/damaged/stolen)
I am fully aware of future options of using excess 529 funds for grad school and/or other beneficiaries etc. But this is just a hypothetical question with a simple objective: Use as much of the 529 funds without penalty, sooner than later.
TIA