BrittanyS
Expert Alumni

State tax filing

No, you do not need to include the contribution basis in the VA return.  The tax and possible 10% penalty would only be subject to any gains reported.  Only the gains should be reported on the VA return.  For more information, see the link below:

 

Cashing out your 529

 

@Anonymous 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"