It would be the same issue as using the funds for high school. See the final post here: https://ttlc.intuit.com/community/state ... 00/2502417So, I did a 529 to Roth conversion in 2024 for my son, and we both live in California.
From federal standpoint, I agree with others that we wouldnt need to enter anything, as there is no tax impact.
But, California and X other states treat this as non-qualified distribution. So we would owe taxes on the portion of the withdrawal that is earnings. I dont see any place in turbotax to enter this properly. I see several online turbotax postings asking about this that are unanswered - curious if any boglehead has figured out how to do this in turbotax and/or how to put this income on california tax return without putting it on federal
Statistics: Posted by toddthebod — Thu Jan 30, 2025 5:12 pm