Warning about 529s distributions and scholarships

There are so many unknowns on 529s. Some say you can only take same year. Others say til year you graduate.

I’ve talked to the IRS. They don’t know.

No matter what you do, I’m convinced it will just happen. That’s an issue that there would be no recourse but no one really seems to know the rules and that includes the IRS.

Talk about something needing to be simplified.

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