DKP22
New Member

529 Withdrawal Due to Attempted Scam

I was a target of an attempted scam. I transferred all of the funds from two 529 accounts to my checking account. Fortunately, I figured out it was scam. I've been trying to move the funds back into the 529s since early September. At least three institutions are involved the 529 administrator, 529 broker and my bank. The indemnification paperwork was lost between the broker and bank. I am now outside the 60 day window to return the funds to the 529s. If I'm able to return the funds by year end, will I have any tax liability? I've documented all my 20+ and counting conversations with the institutions.