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    Section 529

    My client used a 529 plan to pay 100% of the tuition for her son. $21,000 was basis and $3600 was earnings. Can she claim the Hope credit based on the $25,000 of basis. Some sources say yes and some say no?

    #2
    Yes. Use Pub 970, chapter 8, Mark. Has good info on how to coordinate credits with distribution.

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      #3
      thanks BP

      I checked out the Pub and you were right on, thanks

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