MarilynG1
Employee Tax Expert

Education

Use your school's COA for off-campus housing as a guide for qualified 529 disbursements.  For example, if that amount is $1,500/month and your student attends for nine months, you can withdraw $13,500 for Room and Board expenses.  Add that to tuition and other qualified education expenses for a total withdrawal amount from your 529 for the school year. 

 

You won't need to track details of utilities, groceries, etc. if you use this method (unless for your own records) and may not even need to enter the 1099-Q in your tax return.

 

Here's more info on Form 1099-Q.

 

@anonymouse1 

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