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atomr_2000
Returning Member

ABLE accounts administered by investment company

We have ABLE accounts established for our children through an investment management company.  When we enter the account numbers it won't provide the applicable state tax credit.  Any idea as to why this is happening and what can we do to remedy this?

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5 Replies
SharonD007
Employee Tax Expert

ABLE accounts administered by investment company

Which state tax return are you preparing so we may help you?

 

 

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atomr_2000
Returning Member

ABLE accounts administered by investment company

Indiana

LenaH
Employee Tax Expert

ABLE accounts administered by investment company

Your account number mut be 10, 11, or 16 digits long and begin with 61, 62, 200, 201, 208, or 209. Please check your entry and continue with your return. 

 

@atomr_2000 

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atomr_2000
Returning Member

ABLE accounts administered by investment company

Just to clarify, the only ABLE accounts entitled to the Indiana tax credit are through inVESTable. Other ABLE accounts not through the state program are ineligible. Is this correct?

atomr_2000
Returning Member

ABLE accounts administered by investment company

Also, on Turbo tax, the number requested has to start with 91 and be eleven numbers long. Can you please clarify?

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