529 Plan reimbursement for Equipment

Mama_V

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Joined
Feb 3, 2017
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16
I know I saw a thread about using 539 monies to offset qualified cadet expenses from cadet account. Can someone lead me back there? Can’t find it anymore
 
Military academies are NOT qualified educational institutions per 529 regs.
However the 10% penalty is waived for SA attendees.
Withdraw the money and use it if/as needed including the $2K deposit, pay taxes on earnings only at cadet tax rate.
 
Military academies are NOT qualified educational institutions per 529 regs.
However the 10% penalty is waived for SA attendees.
Withdraw the money and use it if/as needed including the $2K deposit, pay taxes on earnings only at cadet tax rate.
Only the earnings are taxed. Also, the Cadet won't have access to that money until they get their top off.
 
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