With recent market appreciation, my kids 529 plans have appreciated in value considerably. Can I use those funds from their 529 plan to make a withdrawal and make a lump sum payment to the Florida Prepaid program? Is this possible and if so, what are the tax implications and how would I make the withdrawal? According to the Florida Prepaid College Board, I can only do a rollover to the FL 529 Plan but not to the Prepaid plan as a one-time lump sum payment, due to a technical limitation, as previously confirmed on this forum. I have seen similar posts on this forum but never saw a definitive answer and outcome. Wondering if anyone has tried and was successful without any tax issues. Thank you.
