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Reimbursement from 529 plan for off-campus room and board - if the college lists separate COA for room and board does that limit the tax-free reimbursement for each?
My grandson will be attending a junior college full time. He will be staying off-campus. The college's COA lists $5,757 for room and $5,757 for food. If the actual rent is higher than $5757, but no reimbursement is sought for the food, would the distribution of $8,000 for rent alone all be nontaxable? or only up to $5757?
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May 28, 2023
4:17 PM