529 Account distributions and completing tax forms

Lanulos
Wed, 11 Apr 2012 22:02:41 +0000

A helpful website on this question:

[529 Plan Withdrawals: the Devil is in the Details](http://wealth.pacificadvisors.com/blogs/2011/06/17/529-plan-withdrawals-devil-details)

Basically, it says a parent owner who uses an entire withdrawal to pay the beneficiary’s qualifying education expenses does not have to report the account earnings as income, but may receive IRS requests for documentation in the future.