529 to Roth
I’m sure this has been addressed before, but I cannot locate and confirm. Do these 529 to Roth Rollovers count against the annual contribution limit?
I’m sure this has been addressed before, but I cannot locate and confirm. Do these 529 to Roth Rollovers count against the annual contribution limit?
Permalink Submitted by Alan - IRA critic on Wed, 2024-01-24 19:03
Yes. That means the 529 beneficiary must have earned income at least equal to the amount of the 529 rollover to be eligible for the rollover.