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Old 07-15-2007, 12:25 PM
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Join Date: Mar 2007
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What are the tax implications for funds left over in the 529 Plans?

Lets assume that the college costs are 60,000 for my daughter. I have over 75,000 in my 529 plan. I use 60,000 to pay for the qualified expenses which leaves over 15,000 in the 529 Plan.

What is my tax liability on the residual funds?

Tks!



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