QUESTION
Can you roll an IRA into a 529 Student Plan
Asked on Apr 09th, 2013 on Trusts and Estates - Kansas
More details to this question:
My husband recently passed away. We had been paying grandson's freshman tuition at KU. My husband & I each have a trust. Can I roll some of his IRA into the 529 Education plan without paying taxes. If not, can I roll some of my IRA into the 529 plan.
1 ANSWER
Robert Barnhill III
Shirley - the answer to both of your questions is no. Money in an IRA can not be rolled over into a 529 plan tax-free. You can take money out of your IRA and contribute it to the 529 plan, but you will have to pay taxes on the amount distributed from the IRA.
Answered on Apr 10th, 2013 at 8:06 PM