anonymous
I read an article recently talking about purchasing a property for the kids going to college. In that way, it says that the expense for kid renting the apartment can be saved, and if several vacant rooms can be rent out to other students, it is even better since the rent may well pay the monthly mortgage.
I am just wondering in this strategy, if the parents owns the property, and the children pays the rent to parents, may be symbolically, will this rent be considered qualified withdrawal from the 529 plan if the children have? Thanks!
I am just wondering in this strategy, if the parents owns the property, and the children pays the rent to parents, may be symbolically, will this rent be considered qualified withdrawal from the 529 plan if the children have? Thanks!