Cyber1001
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@Hal_AlReally appreciate all your help! 🙂
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@Hal_AlBy the way, if I have the distribution from my son's 529 plan sent to me, I will then bethe recipient of the distribution that gets reported on 1099-Q, r...
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@Hal_AlThanks for such detailed response! In your scenario, if I only withdraw $3000 from my son's 529 plan, there should be no tax on the earnings. I will have...
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Thanks for confirming that all I have to do is to put the money back (within 60 days) to not incur the tax and the penalty. I will withdraw a reduced amount of ...
Activity Feed for Cyber1001
- Posted Re: 529 plan accidental withdrawal - tax and penalty implication on Education. March 29, 2021 12:37 PM
- Posted Re: 529 plan accidental withdrawal - tax and penalty implication on Education. March 29, 2021 12:19 PM
- Posted Re: 529 plan accidental withdrawal - tax and penalty implication on Education. March 29, 2021 12:00 PM
- Posted Re: 529 plan accidental withdrawal - tax and penalty implication on Education. March 29, 2021 9:39 AM
- Posted 529 plan accidental withdrawal - tax and penalty implication on Education. March 29, 2021 6:47 AM