3 years ago

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

Advanced Placement (AP)

1 answer:

ivolga24 [154]3 years ago

6 0

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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