education QTP/529 excess distribution

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Subject Author Date education QTP/529 excess distribution Mark Bole 04-02-2007
Posted by Mark Bole on April 2, 2007, 5:58 pm Please log in for more thread options Is there a way to allocate QTP taxable distrbution taken in 2006 (to cover the 2006-2007 academic year) over the expenses incurred in both year 2006 and 2007? I am aware of the 60-day rollover process, but it is more than 60 days since Dec 31, 2006. -Mark Bole << ======================================================= >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Similar Threads Posted Excess of Distribution over Basis June 21, 2006, 10:55 pm Capital Gain - Excess of Distribution over Basis June 29, 2006, 12:35 am Excess Distribution - report income in current year or next year? March 30, 2007, 3:56 am 401(K) Excess Contribution January 26, 2007, 11:52 pm excess 401(k) contribution April 3, 2007, 6:46 pm excess 401(k) contribution & W-2 April 16, 2007, 12:09 am Excess IRA contribution January 28, 2008, 8:55 pm excess contribution to 457 February 1, 2008, 11:25 am excess ira contributions 9 yrs ago March 25, 2008, 10:00 pm Excess gifting May 1, 2008, 1:35 pm