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Reply to "VA taxes / 529 accounts - moving between funds tax question "
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[quote=Anonymous][quote=Anonymous]You can claim $4k per account in Virginia. Maybe I am not understanding the question but I always just put in the account number and amount donated. If I changed investment direction and made a $2K contribution pre-investment direction change to one account number and $3k post-change to another, I report $2K to the first account number and $3k to the second. [/quote] But this theoretically doubles the amount of deduction you can claim that year (at least in Virginia). If this were allowed, wouldn’t everyone just change investment direction mid-year every year and contribute 4k on the front end and 4k on the back end?[/quote]
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