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Reply to "the dc 529 plan -- transfer funds out?"
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[quote=Anonymous]As I read the IRS Publication on education expenses it seems as though you can't rollover more than once per 12 months if it is for the same beneficiary. So if both parents havea 529 with the same beneficiary, only one can be rolled over per 12 months. "If the rollover is to another QTP for the same beneficiary, only one rollover is allowed within 12 months of a previous transfer to any QTP for that designated beneficiary." Anyone have any idea if I am reading this correctly? [/quote]
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