Q. So if I did a 529 plan withdrawal of $10k for college expenses, and $7k was for R&B, I will get taxed on the $7k because it’s not a qualified expense?
A. No. R&B are not qualified expenses for a tuition credit or for a scholarship to be tax free. But, college R&B are qualified expenses for a 529 distribution. R&B for elementary or high school students is not.
