Skip to main content
March 28, 2020
Question

Took a withdrawal from 529 how do I report that I used it to pay for tuition

  • March 28, 2020
  • 1 reply
  • 0 views
No text available

1 reply

Carl11_2
Employee
March 28, 2020

Just work through the program (namely the Education section) the way it is designed and intended to be used, and you will report the withdrawal as taxable income (initially). Then it's taxability will be offset by the *QUALIFIED* education expenses it is used to pay for.