Incoming Rollovers. If I contribute to my Account using funds from (i) an incoming rollover from another 529 Plan, (ii) a Xxxxxxxxx ESA, or (iii) the redemption of a qualified U.S. savings bond, I understand that I must so inform the Plan and I must provide acceptable documentation showing the earnings portion of the contribution. If such documentation is not provided, the Plan must treat the entire amount of the contribution as earnings.
Incoming Rollovers. An eligible rollover distribution may be accepted from an eligible retirement plan and credited to a Participant’s Account under the Plan. The Employer may require such documentation from the distributing plan as it deems necessary to effectuate the rollover in accordance with Section 402 of the Code and to confirm that such plan is an eligible retirement plan within the meaning of Section 402(c)(8)(B) of the Code. The Plan shall separately account (in one (1) or more separate accounts) for eligible rollover distributions from any eligible retirement plan.
Incoming Rollovers. You may roll over funds from an account in another state’s 529 Plan to an Account in the Plan or from an Account in the Plan to another Account in the Plan for a new Beneficiary without adverse tax consequences if the new Beneficiary is a Member of the Family of the previous Beneficiary (for more information, please see section on “Federal Tax Information”). Incoming rollovers may be direct or indirect. Direct rollovers involve the transfer of funds directly from an account in another state’s 529 Plan (or from an Account in the Plan for a different Beneficiary) to your Account. Indirect rollovers involve the transfer of funds from an account in another state’s 529 Plan (or from an Account in the Plan for a different Beneficiary) to the Account Owner, who then contributes the funds to an Account within 60 days of the withdrawal from the previous account. Please note that incoming rollover contributions to the Plan must be accompanied by a basis and earnings statement from the distributing plan that shows the earnings portion of the contribution. If the Plan does not receive this documentation, the entire amount of your contribution will be treated as earnings. This could have negative tax implications under some Plan withdrawal scenarios. Redemption Proceeds from Xxxxxxxxx ESA or Qualified U.S. Savings Bond. You may be able to contribute amounts from the redemption of a Xxxxxxxxx ESA or qualified U.S. savings bond to an Account without adverse federal tax consequences. If you are contributing amounts from a Xxxxxxxxx ESA, you must submit an account statement issued by the financial institution that acted as trustee or custodian of the Xxxxxxxxx ESA that shows the principal and earnings portions of the redemption proceeds. If you are contributing amounts from a savings bond, you must submit an account statement or Internal Revenue Service (“IRS”) Form 1099-INT issued by the financial institution that redeemed the bonds showing the interest portion of the redemption proceeds.
Incoming Rollovers. If I contribute to my Account using funds from (i) an incoming rollover from another 529 Plan, (ii) a Xxxxxxxxx ESA, or (iii) the redemption of a qualified U.S. savings bond, I understand that I must so
Incoming Rollovers. If permitted by the Adoption Agreement, an eligible rollover distribution may be accepted from an eligible retirement plan (as such term may be limited by the Adoption Agreement) maintained by another employer and credited to a Participant's Account under the Plan. The Employer may require such documentation from the distributing plan as it deems necessary to effectuate the rollover in accordance with Code section 402 and to confirm that such plan is an eligible retirement plan within the meaning of Code section 402(c)(8)(B). The Plan shall separately account for eligible rollover distributions from any eligible retirement plan that is not an eligible deferred compensation plan described in Code section 457(b) maintained by an eligible governmental employer described in Code section 457(e)(1)(A). Any such rolled-over amount shall not be treated as a deferral subject to the limitations of Article IV.
Incoming Rollovers. You may roll over funds (i) from an account in another state’s 529 Plan to an Account in the Plan for the same Beneficiary without adverse federal income tax consequences, provided that it has been at least 12 months from the date of a previous transfer to a 529 Plan for that Beneficiary; (ii) from an account in another state’s 529 Plan to an Account in the Plan for a new Beneficiary, without adverse federal income tax consequences, provided that the new Beneficiary is a Member of the Family of the previous Beneficiary or (iii) from an Account in the Plan to another Account in the Plan for a new Beneficiary without adverse federal income tax consequences, provided that the new Beneficiary is a Member of the Family of the previous Beneficiary. If you roll over funds more than once in 12 months without a change in Beneficiary, every rollover after the first may be considered a Taxable Withdrawal or a Nonqualified Withdrawal, depending on the circumstances. If you roll over funds to a new Beneficiary that is not a Member of the Family of the previous Beneficiary, that may be considered a Taxable Withdrawal or a Nonqualified Withdrawal, depending on the circumstances.
Incoming Rollovers. You may roll over funds (i) from an account in another state’s 529 Plan to an Account in the Plan for the same Beneficiary without adverse federal income tax consequences, provided that it has been at least 12 months from the date of a previous transfer to a 529 Plan for that Beneficiary; (ii) from an account in another state’s 529 Plan to an Account in the Plan for a new Beneficiary, without adverse federal income tax consequences, provided that the new Beneficiary is a Member of the Family of the previous Beneficiary or (iii) from an Account in the Plan to another Account in the Plan for a new Beneficiary without adverse federal income tax consequences, provided that the new Beneficiary is a Member of the Family of the previous Beneficiary. If you roll over funds more than once in 12 months without a change in Beneficiary, every rollover after the first will be considered a Taxable Withdrawal or a Non-Qualified Withdrawal, depending on the circumstances. If you roll over funds to a new Beneficiary that is not a Member of the Family of the previous Beneficiary, that will be considered a Taxable Withdrawal or a Non-Qualified Withdrawal, depending on the circumstances. Beneficiary Change. You may change your Beneficiary to a Member of the Family of the former Beneficiary without adverse federal income tax consequences. Otherwise, the change may be subject to federal income taxes. There also may be federal gift, estate and generation-skipping transfer tax consequences of changing the Beneficiary. Earnings. Earnings within an Account should not result in taxable income to the Account Owner or Beneficiary while the earnings are retained in the Account.
Incoming Rollovers. You may roll over funds from an account in another state’s 529 Plan to an Account in the Direct Plan or from an Account in the Direct Plan to another Account in the Direct Plan for a new Beneficiary. Incoming rollovers may be direct or indirect. Direct rollovers involve the transfer of funds directly from an account in another state’s 529 Plan (or from an Account in the Direct Plan for a different Beneficiary) to your Account. Indirect rollovers involve the transfer of funds from an account in another state’s 529 Plan (or from an Account in the Direct Plan for a different Beneficiary) to the Account Owner, who then contributes the funds to an Account within 60 days of the withdrawal from the previous account. Intra-Trust Rollover from an Account in the Direct Plan to an Account for a New Beneficiary. You may also roll over funds from an Account in the Direct Plan or an account in the Advisor Plan to an Account in the Direct Plan or an account in the Advisor Plan for a new Beneficiary without adverse federal income tax consequences if the new Beneficiary is a Member of the Family of the previous Beneficiary.
Incoming Rollovers. You may roll over funds: (i) from an account in another state’s 529 Plan to an Account in the Direct Plan for the same Beneficiary without adverse
