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‘If we withdraw from the 529 and pay tuition and room and board at this school, will this be considered a qualified withdrawal?’
What should you do with a college savings account if the tax benefits do not apply?
MarketWatch photo illustration/iStockphoto
Dear Tax Guy,
My daughter is considering a Canadian school for her Bachelor’s degree. The school is on the U.S. Department of Education’s website as a “deferment only” school, which means a student cannot get new federal loans while at this school. But if she has existing loans, they can be deferred while she goes to this school.
We…
