A contributor to a Section 529 plan cannot:
A. Replace a plan beneficiary with a new one
B. Contribute to a 529 plan if their adjusted gross income exceeds the threshold cap for the particular year
C. Rollover funds from one state’s program to another
D. Claim the Hope Scholarship credit
Answer:B
A contributor to a Section 529 plan cannot:
A. Replace a plan beneficiary with a new one B. Contribute to a 529 plan if their adjusted gross income exceeds the threshold cap for the particular year C. Rollover funds from one state’s program to another D. Claim the Hope Scholarship credit