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Retirement tax questions
This is the roll-over option for funds in a 529 plan. You can take the money out and transfer it to another qualified tuition plan without getting taxed on the accumulated earnings.
If the 529 distribution went directly to the school (or to the parent or the student) for expenses, then the answer to this question is "No".
If you took the 529 distribution (all or part) and transferred it to another 529 (or similarly qualified plan), then the answer to this question is "Yes".
May 31, 2019
9:59 PM