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j**imx9****
님 답변
답변일
8/30/2010 11:54:59 AM
My understanding is that student loan does not reduce the qualifying education expenses for which you can use your 529 fund. For example, if the charged tuition is $30,000, the scholarshib is $10,000, and the student loan was $20,000, you can still withdraw $20,000 from your 529 as a qualifying distribution free from both income tax and 10% penalty. Student loan is an obligation to be paid back, and it is not an student aid to be included in the qualifying distribution calculation.
I just wants you to know that the qualifying distribution from 529 plan can adversely eliminate the education tax credit, such as hope and lifetime learning tax credit.
For college supplies and textbook, just keep the receitps as if you would do for any other tax-deductible items and you will be fine.
I just wants you to know that the qualifying distribution from 529 plan can adversely eliminate the education tax credit, such as hope and lifetime learning tax credit.
For college supplies and textbook, just keep the receitps as if you would do for any other tax-deductible items and you will be fine.
