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Education
> One possibility is that the $67 included spring 2024 term
Yes, what we paid in 2023 did include it, and I marked the checkbox in TT reflecting it, which does not seem to have any effect.
Can you tell, how is "cost of the tuition in 2023" defined - is it the amount paid to the school in 2023 for the tuition (which includes 2024 term), or the amounts the school billed for the spring and fall semester of 2023 (of which part was paid in 2022)?
>$47K - 29K = $18K. There's plenty of expenses for you to claim the tuition credit and the scholarship to remain tax free.
We paid about $38K from 529 fund, so this resulted in excess distribution.
March 25, 2024
5:46 AM