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No, there is no deduction or credit for the decrease in the account balance of a U. Fund 529 College Savings Plan. It is a tax deferred account so you do not pay tax on qualified withdrawals, nor can you deduct losses (whether realized or unrealized).
No, there is no deduction or credit for the decrease in the account balance of a U. Fund 529 College Savings Plan. It is a tax deferred account so you do not pay tax on qualified withdrawals, nor can you deduct losses (whether realized or unrealized).
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