Reply to How to use 529 fund for college next fall?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Each College/University publishes a Cost of Attendance document.  That is what you should use for your guide for what and how much of your 529 funds can be used for tuition, R&B, books, etc.

In our situation the board portion of our R&B, our cost is higher than what the COA says so we cash flow that portion.

Also, make sure you spend your 529 money in the correct year.  i.e.  [b]don't pay for the Spring of 2022 in December of 2021.  Pay it in early January.[/b]

Audits are rare.[/quote]

But the spring tuition bill is due in December--is it based off the year the payment is made or the year the semester occurs?[/quote]

Just wait and pay the bill on January 1.   The school will be fine with that.[/quote]

I think that is incorrect. It is fine if you take the 529 distribution in December and make the payment to the school in December.[/quote]

IRS has guidance on this. I don’t remember the details but you should look it up [/quote]

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