138-Masterclass on 529 Plans a.k.a. Qualified Tuition Programs - Part 1
Radical Personal Finance
00:00
Is the Distribution Taxable?
If you have a distribution from the account that exceeds the adjusted qualified education expenses, it will probably be taxable. It's possible to have a taxable distribution that does not also have a ten % additional penalty tax. But in general, though, you're usually going to have a ten percent additional tax if if the funds aren't used for education.
Play episode from 01:18:10
Transcript
