The profit in an account is what may be subject to tax.
Karin Price Mueller | NJMoneyHelp.com for NJ.com
Q. We put $90,000 into 529 plans for our three kids. Currently, all plans are down and have actually lost money. We have come into financial problems and need some of that money to purchase a car. We have withdrawn $10,000 from each of the accounts. How will we deal with this come tax time?Note to readers: if you purchase something through one of our affiliate links we may earn a commission.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lego's New Camaro Z28 Set Is Stunningly LifelikeIt's the most well-designed Lego car set we've ever seen.
Leer más »
Lego's New Camaro Z28 Set Is Stunningly LifelikeIt's the most well-designed Lego car set we've ever seen.
Leer más »
A's shut out into 9th inning, lose to RangersJon Gray allowed only a fourth-inning infield single in seven shutout innings, Leody Taveras and Brad Miller hit two-run singles during a five-run first inning, and the Texas Rangers beat the Oakland Athletics 5-2 on Wednesday night.
Leer más »
Netflix partners with Microsoft to offer cheaper subscription planFollowing a disappointing first quarter in which Netflix lost subscribers for the first time in a decade, the company has announced plans to launch a cheaper, ad-based subscription plan.
Leer más »
Oakland A’s swap out arms, add former Rays reliever to rosterThe A’s added two new pitchers to the roster Tuesday in Texas.
Leer más »
Ryan Gosling Says Ken in ‘Barbie’ Has ‘No Money, No Job, No Car, No House’Ryan Gosling’s Ken doll in the upcoming “Barbie” movie is not living the dream life. While plot details about the upcoming movie remain under wraps, the actor recently dropped one…
Leer más »