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Certification of Direct Rollover 529 to Roth IRA
Description of Form
IRA participants use this form to move 529 plan assets into their Sit Mutual Funds Roth IRA.
Please Note
Annual rollovers are subject to the applicable annual Roth IRA contribution limit.
The rollover will be reported as a Current Year Roth IRA Contribution, unless specifically designated as a Prior Year Roth IRA Contribution.
The 529 Plan beneficiary must be the same person as the Roth IRA owner.
Other Information
The 529 Plan must have been established for at least 15 years prior to the rollover.
Any 529 Plan contributions made within the last 5 years (and their applicable earnings) are ineligible to be rolled over.
There is a lifetime 529 rollover maximum amount of $35,000.
Certification of Direct Rollover 529 to Roth IRA