529 Account distributions and completing tax forms

rodney
Sun, 16 Jan 2011 12:53:23 +0000

You’d think by now this would be a standardized situation?..jeez; sounds way to complicated…it was my understanding if it was paid directly to the school and was equal or less than an offsetting tuition/room/board statement no documents change hands…safe at home…

from above post, I guess not; we’ll have to see; just sent $$ from 529 directly to school starting Fall 2010…

FWIW and YMMV, our accountant told us that the easiest way to do this without all the 1099 junk was to pay the school directly…