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Reply to "DC 529 plan vs out of state options"
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[quote=Anonymous][quote]http://www.dccollegesavings.com/About-FAQ.aspx#TaxDedFed [b]Are there any DC income tax consequences for early withdrawals?[/b] Any DC tax deduction taken shall be subject to recapture in the following scenarios: a withdrawal or rollover is taken [b]within two years [/b]of the establishment of the account for any reasons other than the payment of qualified higher-education expenses; withdrawals taken due to death or disability of, or scholarship to, a designated beneficiary (except that only the amount of the scholarship is exempt from recapture); the funds are transferred to another account under the plan. [quote] [/quote]
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