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December 25, 2020
Question

My son paid tuition on Dec 22 for the semester starting Jan 2021. Do I have to pull money out of the 529 before Dec 31 or can I postpone and file on 2021 tax return

  • December 25, 2020
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1 reply

Employee
December 25, 2020

529 plan distributions should be taken during the same calendar year the qualified expenses were paid.