How handle 529 funds when payment of 2023 lodging in 2022 results in higher than allowed room and board for 2022
As I understand, 529 reimbursements should be made in the year expenses are incurred. We usually use less than the "allowed" (college cost of attendance R&B amount) room and board. However, this year my daughter has to pay a portion of her Spring 2023 housing costs in 2022, which is going to put us slightly over what is listed for Spring/Fall 2022. Is it ok to reimburse what she paid in 2022, because the payment goes toward the 2023 "allowable" amount? Should we wait to reimburse her in January instead?