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What steps do we need to take to avoid having 529 funds appear as income?
My mom owns a 529 fund which she set up for my daughter. Funds from the 529 will be deposited to our bank account and from there we will pay tuition. Is there anything we need to make sure to do so that during next year's tax season, the IRS doesn't see the incoming funds from the 529 and think that it's income? We also want to avoid any potential complications with the Premium Tax Credit.
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‎April 15, 2025
3:50 PM