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Reply to "529 plans and withdrawing money "
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[quote=Anonymous]Agree with PP. Also wanted to mention that my plan has an option to send payments directly to the university. They have specific lead times for that. Check with your plan. That helps support a paper trail that the money was spent on education. A twist you might want to know about is that housing is not a covered expense while the student is not enrolled. So summer housing during a paid internship when the student is not enrolled in college should not be covered with 529 funds tax-free.[/quote]
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