RobertB4444
Employee Tax Expert

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Any Qualified Tuition Plan rollover into a Roth IRA is not taxable in Pennsylvania after January 1, 2024 provided it meets all of the federal requirements.

 

The federal requirements are - 

that you have had the account for 15 years or more, 

that all of the funds in the account are at least five years old 

and that the Roth is in the name of the person who was the beneficiary of the 529 plan.  

 

If you meet all of the federal requirements then save all of your records but that is all you need to do.  You don't need to report the rollover on your tax return.

 

Here is some information on Pennsylvania 529 conversions.

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