dbtorres08 dbtorres08

11-06-2018
Advanced Placement (AP)

contestada

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

Respuesta :

29-01-2019

Answer

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.

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tosinadewusi tosinadewusi

13-11-2020

Answer:

12 month

Explanation:

Answer Link

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