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ABLE account contributions

Taxangel
Level 3

Can the distribution of an IRA to an ABLE account contribution be considered as a non-taxable event?

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Just-Lisa-Now-
Level 15
Level 15

You can roll a 529 into an ABLE account, but Im not seeing anything about rolling an IRA into an ABLE.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

You can roll a 529 into an ABLE account, but Im not seeing anything about rolling an IRA into an ABLE.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
itonewbie
Level 15

No, there is no exception for that.  IRA under 408 and 529/529A have different purposes and are under different subchapters of the Code.

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