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529 unused funds and taxes for non qualified WD

529 unused funds and taxes for non qualified WD

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wendyneal1 · · 7 replies

I have 1 child who is no longer going to use the funds for college. I have transferred some of the account over to her ROTH and was going to take the rest and put in my individual account with Fidelity but would be paying taxes on $7,000 (and the 10% penalty). Wondering if there any work arounds or suggestions for this? Thanks.

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Replies (7)

BostonFI

BostonFI

3 months ago

mjamsran

mjamsran

3 months ago

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