Question

The account holder can choose to move funds from one state's 529 plan to another state's plan once over a _____ period.

Answer 1

12 month

Step-by-step explanation:

Answer 2

Its 12 months

Explanation

According to IRS, it allows for a single tax-free rollover of a 529 account per beneficiary in a 12-month period. This 12 month rule should not be violated because it can result to a 10% penalty on the earnings. However, transfers across siblings are not considered rollovers.