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During the year, G withdrew $12,000 from a 529 plan for his daughter. He used...

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Accounting

During the year, G withdrew $12,000 from a 529 plan for his daughter. He used the most of the money to pay for the following costs associated with her first year of college: tuition $10,000, fees $1,000, apartment rental $3,000, computer $1,600, books $400, appliances and furniture $505, and bedding $200. How will the $18,000 be treated?

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