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EG9783
New Member

I am a Florida resident. If I take $18,000 from my IRA and put it into my nephews Connecticut CHET 529 Acct, can I claim $18,000 exclusion on my IRA distribution income ?

 
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1 Reply
dmertz
Level 15

I am a Florida resident. If I take $18,000 from my IRA and put it into my nephews Connecticut CHET 529 Acct, can I claim $18,000 exclusion on my IRA distribution income ?

No.  The distribution from the IRA and the contribution to the 529 plan are independent of each other.

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