<p>as we all go crazy with the nuances on these forms, it is such a pleasure to come here and receive such guidance and information. something I’m grateful for in a sometimes impersonal world… :)</p>
<p>A helpful website on this question:</p>
<p>[529</a> Plan Withdrawals: the Devil is in the Details](<a href=“http://wealth.pacificadvisors.com/blogs/2011/06/17/529-plan-withdrawals-devil-details]529”>http://wealth.pacificadvisors.com/blogs/2011/06/17/529-plan-withdrawals-devil-details)</p>
<p>Basically, it says a parent owner who uses an entire withdrawal to pay the beneficiary’s qualifying education expenses does not have to report the account earnings as income, but may receive IRS requests for documentation in the future.</p>