MaryK4
Expert Alumni

Education

Unfortunately, if it is not a qualified educational institution, you will not be able to use the 529/Coverdell plan tax free.  

 

In general, the designated beneficiary of a Coverdell ESA can receive tax-free distributions to pay qualified education expenses. The distributions are tax-free to the extent the amount of the distributions doesn't exceed the beneficiary's qualified education expenses. If a distribution exceeds the beneficiary's qualified education expenses, a portion of the earnings is taxable to the beneficiary. 

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