dy
Level 1
02-04-2025
10:34 AM
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Effective for the 2024 tax year, any unused funds in a 529 plan can be rolled over to the beneficiaries Roth IRA under certain circumstances. This is new and I don't know how to show the 1099-Q being rolled over. There is a way to show that it isn't taxable on screen 14, but then it doesn't show anything at all on the federal or NYS return. Lacerte isn't helpful on this as I don't think they know about this.