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College and University Discussion
Reply to "Mechanics of paying from 529 account to college"
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[quote=Anonymous]The loophole is there, and yes it works and is valid. As many have been using it for years, they aren't going to simply start enforcing a legally undefensible position now. They'd have to fix the law, and then everyone gets in line after. Until they do, everything that OP said is true. Yes, you can have 10 accounts and deduct $40k from your VA taxes. Yes, you can pay tuiition from multiple accounts. They don't care how many accounts, as long as they get it paid in full. And you do it all online of course, so its super easy, and nobody really there to watch what you are doing or make snarky comments. [/quote]
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