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Retirement tax questions
As long as you made this as a trustee-to-trustee transfer (where the funds went directly to your Roth IRA from the 529 plan) and you did not exceed the $7,000 contribution limit, you do not need to report the transaction at all.
Keep information about both sides of the transactions in your records for at least 3 years, but you do not need to report anything on the tax return or enter any data about the transaction into TurboTax.
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‎February 5, 2025
3:11 PM