23.4k views
3 votes
How many times per year can a 529 plan account holder move funds from one plant to another?

User Talib
by
7.3k points

1 Answer

5 votes
How many times per year can a 529 plan account holder move funds from one plant to another? A 529 plan older is able to make one-tax free move of their plan within a 12-month period. If the plan older decided to make more moves within the 12-month period they are considered a non-qualified distribution and there is also a penalty on the earnings as well as federal taxes imposed.
User Bryan Musial
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories