529 withdrawals Hello, I contributed to two separate 529 plans for my Grandchildren several years ago and never took the IRA deduction on my tax return for that year.
I will want the Grandchildren to receive the distributions from the plans directly, in that case I hopefully won't receive a 1099.
My question is, since I did not claim the 529 IRA deductions on my taxes initially years ago, do I have to add the total/current value to my total IRA value amount in figuring my annual distributions ? Hope this makes sense.
Thank you for any assistance.
Bailey |