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Retirement tax questions
Given the results, it seems that the distribution from the 529 plan consists largely of basis, perhaps somewhere between 80 and 90%. If that's the case, allocating $10,000 of qualified higher education expense to the 529 plan distribution rather than the IRA distribution is less beneficial because it's being allocated to a distribution that is largely free of tax and penalty anyway.
May 31, 2019
5:58 PM