You'll report your self-employment income (or loss) on Schedule C or Form 1040 from any business you operated as a sole proprietor in which you ran for profit. Make a copy of this spreadsheet file and download
You file this form with your taxes. The IRS will also have a copy and will match these expenses with what you have withdrawn from your 529 account. When those expenses match up, you’re home free—and tax-free. If your individual contributions to a 529 plan exceed the allowable ma...