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Unused 529 – how to think about earnings vs. principal for withdrawal
Unused 529 - how to think about earnings vs. principal for withdrawal I'm confused about how to think about and report on the taxable portion of unused 529 funds. This question is about unqualified withdrawals. Let's say the account reached $100k, with $75k in principal and $25k in "earnings." Assuming I make an unqualified distribution, is the first dollar of the distribution taxable at all? Is 25% of that first...
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