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topmiller
Level 3

Transfer from Maryland 529 to Able Now account question

I want to transfer the max $18000 from my sons 529 account to my sons Able Now account.  Both accounts have forms for this transfer but I'm trying to do it all electronically by taking a 529 distribution to my checking account that is linked to the 529 then transferring the same amount from my linked checking account to the Able Now account.  I can't find any IRS rules that prohibit doing the transfer this way.  Does anyone else know of any restrictions?
Thanks!

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‎November 3, 2024 6:22 PM
last updated ‎November 03, 2024 6:22 PM
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Bsch4477
Level 15
Level 15

Transfer from Maryland 529 to Able Now account question

Follow the directions here. 

https://www.marylandable.org/uploads/maryland-able/attachments/cln3fdokksp6i0jp46mah9e2f-maryland-ab...

‎November 4, 2024 8:37 AM
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