Thanks! Re #1, what if we paid for 2022 tuition in 2023, can a 529 distribution be taken in 2023 to pay for that (would it be considered a qualified distribution)?
Re #2, the 529 fund administrator stated that because the distribution is being sent to a k-12 school, they will issue the 1099-Q to my mom who is the owner and tag the distribution on the form as 'Other.' So I assume that she will need to declare it on her IRS tax form and be able to support the validity of the distribution using the school tuition bill as supporting evidence. Is that assumption correct?
Is there any concern this could trigger an IRS audit?
