Earnings from Internal Revenue Code Section 529 Plans and Coverdell

question 32

True/False

Earnings from Internal Revenue Code Section 529 plans and Coverdell education savings accounts are excluded from gross income as long as the earnings are used to pay for qualifying educational expenditures.

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Definitions:

Ethical Behavior

Actions or conduct that adhere to accepted moral principles or standards in a society or profession.

Meeting Purpose

The specific reason or objective for which a meeting is convened, guiding its agenda and discussions.

Preparing Agenda

The process of organizing topics, objectives, and activities in a systematic order for a meeting or event.

Minutes of Meeting

Minutes of Meeting are the written or recorded documentation that captures the key points, decisions, and actions agreed upon by participants during a meeting.