529 and taxes

annoyingdad
Sat, 20 Jul 2013 16:39:52 +0000

Or will just having the statements that show we paid total be enough as long as what was paid with non 529 funds is at least the amount if tuition??



The amount of qualified education expenses required to get the max AOC($2500) is $4000. You can use the 529 distribution for the rest of tuition, fees, books, room and board.

Keep the itemized college bills and any paper work from the 529 distribution. Your student will also get a 1099Q next January with the distribution info.