Time constraints on 529 beneficiary-to-beneficiary transfers

[LMK5]

In December 2016 I withdrew an excess of 15k from my oldest daughter's 529 plan. Within 60 days, I am going to make an indirect rollover of the funds into her younger sister's existing 529 plan with the same administrator. If I would like to get that 15k back into my oldest daughter's 529 account, can I do a beneficiary-to-beneficiary transfer from the younger sister's account at any time, or must I wait a certain period in order for the transfer to be free from any tax consequences?

[Brian_Boswell_SFC]

Greetings LMK5:

I had started typing out a big response, but realized that we already had an article that describes your situation: http://www.savingforcollege.com/articles/the-magic-of-beneficiary-changes-on-a-529-account

If you still have questions, come on back; happy to answer.

Good luck!

Brian Boswell
VP, Research & Development

This information does not constitute tax advice and is provided for informational purposes only. Please consult your tax advisor, financial advisor, local taxing authority, and/or plan provider or sponsor for more information.

[dcandmc]

Brian, when I click on the link that you provided, I get a pop-up that wants me to either "Login" or "Start a free trial." Is there any way to read the content without doing either of those two things? Thanks.

[LMK5]

Same here. Need to log in or start a free trial.