Can I make qualified withdraw from a 529 plan for scholarships monies received in prior tax years? For example, a qualified withdraw of scholarship monies receive in freshman, sophomore and junior years of college but not withdrawn from 529 Plan until senior year.
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No. for the penalty exception to apply, the withdrawal must be in the same year as the tuition/scholarships
No. for the penalty exception to apply, the withdrawal must be in the same year as the tuition/scholarships
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