Late ESA to 529 conversion
@keng8554 wrote: I'm looking for help with my situation. I am now 32 years old and just found out that my parents had an ESA for my benefit. The balance is 2700, with a basis of 2000 and earnings of...
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@dcandmc wrote: I'm not aware of any tax provision that would allow you to avoid the tax and penalty through a conversion or contribution to a 529 plan. From IRS pub 970, Chapter 7 (Coverdell...
View ArticleLate ESA to 529 conversion
@keng8554 wrote: Thanks for replying. I am referring to a ESA to 529 conversion. Excerpt from article on this site "However, Plum says Coverdell funds must be spent by the time the beneficiary turns...
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