- Joined
- Nov 25, 2013
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Hello-
I was wondering if anyone has used a distribution from their 529 account to cover the cost of the USMLE Steps 1 and 2? I have asked my school's financial aid dept, and called the 529 customer service, and no one can say one way or another.
The IRS Pub 970 says distributions can be for: "The following expenses must be required for enrollment or attendance of a Designated beneficiary at an eligible educational institution.
a. Tuition and fees.
b. Books, supplies, and equipment"
By my logic, the Step 1 exam, for example, is required before I proceed to my M3 year, so it is a fee that is required for enrollment (even though it is not paid to my school). Am I just talking myself into what I want to believe?
Thanks for your thoughts!
I was wondering if anyone has used a distribution from their 529 account to cover the cost of the USMLE Steps 1 and 2? I have asked my school's financial aid dept, and called the 529 customer service, and no one can say one way or another.
The IRS Pub 970 says distributions can be for: "The following expenses must be required for enrollment or attendance of a Designated beneficiary at an eligible educational institution.
a. Tuition and fees.
b. Books, supplies, and equipment"
By my logic, the Step 1 exam, for example, is required before I proceed to my M3 year, so it is a fee that is required for enrollment (even though it is not paid to my school). Am I just talking myself into what I want to believe?
Thanks for your thoughts!