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MarkWiz72
Level 3
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  • According to what I've read and what your pros have told me, 529 a distribution CAN cover room & board (see earlier in this string from ThomasM125)
    MarkWiz72
    3
    Updated Apr 17, 2022
  • I just read this on your site for the 2021 tax year as well: "Interest on earnings in other plans you can use to save for college, including Coverdell Savings A...
    MarkWiz72
    5
    Updated Apr 17, 2022
  • So you're saying I only have to enter what we actually paid for tuition, fees, and room & board for 2021 and not worry about reporting was actually distributed ...
    MarkWiz72
    7
    Updated Apr 17, 2022
  • I entered all of the distribution amounts from my 1099-Q, which covered the Fall 2021 semester and the Spring 2022 semester (which was billed in December 2021) ...
    MarkWiz72
    9
    Updated Apr 17, 2022
  • My financial advisor told me I needed an offset notation to self-verify it was used for education expenses. Is there a way to do an offsetting entry, or is it e...
    MarkWiz72
    11
    Updated Apr 17, 2022
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