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TT treats trustee to trustee rollovers from 529 to ABLE account (same beneficiary) as taxable. 1099-Q says I (parent) am recipient. How to fix this nontaxable event?
Rollover was accomplished within 60 days. I am account owner of 529 and authorized person on ABLE account. TT reports the earnings are taxed. All the funds withdrawn ($17k) from the 529 were deposited into the ABLE account.
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‎February 10, 2024
9:48 AM