529 guidelines for room & board withdrawals?

JHS
Wed, 25 May 2011 16:09:28 +0000

It’s actually in the statute itself: Section 529(e)(3)(A)(iii).



The term “qualified higher education expenses” means –

. . . .

expenses paid or incurred in 2009 or 2010 for the purchase of any computer technology or equipment [as defined in another section] or Internet access and related services [if it’s used by the beneficiary during any years of enrollment at an eligible college].

Clause (iii) [above] shall not include expenses for computer software designed for sports, games, or hobbies, unless the software is primarily educational in nature.