LenaH
Employee Tax Expert

State tax filing

No, there will be no recapture of tax when you transfer a 529 plan to an ABLE plan. Per the IRS, rollovers may be made without penalty from a section 529 tuition account to a section 529A ABLE account if the beneficiary of the ABLE account is the designated beneficiary of the tuition account or is an eligible member of the family. For more information, please see Publication 907

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