Thank you very much for the detailed response and the how to aspect of it..The reason I think the 529s could do it is because when I make a withdrawal they aske...
$10k for tuition withdrawn. Tuition grant was $10k. This is exempt from penalty, but not tax. Doesn't exceed grant.$15k for R&B withdrawn. This is exempt from t...
Yes, the detail surrounding 529 withdrawals was just for background as to why I was asking the "can" versus "will" wording and my child filing as independent. T...
Yes, I agree. It's just that the 1099-Q doesn't break it down to that detail (only shows 25k withdrawal, 10k earnings, and 15k contributions). TT asks for numbe...
My "solution" to help with documentation and book-keeping was to send all allowable (no tax, no penalty) to me and the $$ related to the grant to my child. That...
