529 Expense Question

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Topic Author
fm3040
Posts: 112
Joined: Tue Apr 07, 2015 10:07 pm

529 Expense Question

Post by fm3040 »

If freshman year at college starts Aug-23-2021, can you buy a laptop and ipad earlier that month and claim them as expenses with withdrawals from a 529 plan OR do you have wait until the first day of college before you buy them so it is an allowed 529 expense?

If the former, can you buy it between now and August if you get a good deal and claim it as a 529 expense for fall 2021?
Last edited by fm3040 on Tue May 18, 2021 3:04 pm, edited 1 time in total.
Flyer24
Posts: 5233
Joined: Sun Apr 08, 2018 4:21 pm

Re: 529 Expense Question

Post by Flyer24 »

You can buy it now since he will be in college this year.
Topic Author
fm3040
Posts: 112
Joined: Tue Apr 07, 2015 10:07 pm

Re: 529 Expense Question

Post by fm3040 »

And you can withdraw the amount needed for the purchase anytime before the end of the calendar year, right?
fabdog
Posts: 2543
Joined: Wed Jan 16, 2013 12:59 pm
Location: Williamsburg VA

Re: 529 Expense Question

Post by fabdog »

yes

Mike
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