529 to Roth
Any guidance on if this if it is allow yet if qualified? Some same do it others say wait until final info and how it will relate to beneficiary and other changes. Are some doing it anyway and not paying attention to final guidance? I know you are getting plenty of similer questions.
TKS
Steve
Permalink Submitted by Alan - IRA critic on Thu, 2024-10-03 15:36
Apparently, some 529 plans are processing these rollovers (with some risk), but most likely they do not include plans for which the beneficiary has changed from 15 years ago, plans that have been transferred to another state’s plan, and other issues that need IRS clarification. After the IRS clears up these questions, they may or may not provide relief for transfers that were done earlier assuming a different IRS interpretation.