My son has received a full scholarship for his senior year and his graduate degree. Can I withdraw the amount from his 529 account that equates to his scholarship payments for 2022 and have the withdrawal paid to him (the beneficiary) vice me (the owner)?
Please note that I do not plan to include him on my 2022 taxes as a dependent as the scholarship program also provides a monthly stipend and I do not cover any of his expenses.
Thanks.
Tom D.
