Cost basis of 529
Client will be cashing out a 529 that went unused. Does the cost basis include reinvested dividends or just contributions? Thinking not the reinvested dividends, since they weren't taxed. Can't find the answer online.
Client will be cashing out a 529 that went unused. Does the cost basis include reinvested dividends or just contributions? Thinking not the reinvested dividends, since they weren't taxed. Can't find the answer online.
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