I know this was discussed a few years ago. I was wondering if anyone has used a 529 College Fund to purchase an instrument for a Music Major recently. There was a change in 2016 to allow computers and other supplies. Just wondering if there is anyone out there who has run this by their accountant in regards to instruments.
Son’s school would work with you to increase the cost of attendance to include the purchase price of the instrument so it would be eligible. This was several years ago. Ask the financial aid office where your son attends for their recommendation.
This is a great question!
It could fall under the area of “books and supplies”. However I would suggest calling the financial corporation that holds the 529 for an opinion on this. They will have the best grasp of 529 rules and have probably been asked every possible use of funds imaginable. They can also explain how to document the requirement of the “supply”, the purchase (if permissible) and save you any headaches in the future.