True/False
Mia participated in a qualified state tuition program for the benefit of her son Michael.She contributed $15,000.
When Michael entered college, the balance in the fund satisfied the tuition charge of $20,000.When the funds were withdrawn to pay the college tuition for Michael, neither Mia nor Michael must include $5,000 ($20,000 - $15,000) in gross income.
Correct Answer:
Verified
Correct Answer:
Verified
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