TAXMAN Posted March 15, 2021 Report Posted March 15, 2021 To my Virginia friends. Virginia allows a deduction to 529 plans. If TP puts $ in plan july 25 then withdraws from acount july 27 and nov 30 thus liquidating entire account. I think no deduction for virginia. Quote
Possi Posted March 15, 2021 Report Posted March 15, 2021 Although I can't find documentation on this, I would not take the deduction. Quote
TAXMAN Posted March 15, 2021 Author Report Posted March 15, 2021 My thoughts were that tp liquidated account therefore tp does not have balance in there. 1 Quote
Possi Posted March 15, 2021 Report Posted March 15, 2021 11 minutes ago, TAXMAN said: My thoughts were that tp liquidated account therefore tp does not have balance in there. Right. Quote
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