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Level 3
June 22, 2021
Question

Cost basis of 529

  • June 22, 2021
  • 1 reply
  • 5 views

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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1 reply

sjrcpa
Level 15
June 22, 2021

Just contributions.

The more I know the more I don’t know.