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Personal Finance (Not Investing) • 529 withdrawal versus selling from taxable?

BHs:

I have 2 choices to pay for my child's school this year - a 529 that is reasonably well funded for 4 year college and a taxable account. I could potentially withdraw the maximum limit of $10,000 towards his school this year or sell from the taxable account. I prefer not withdrawing from the 529 and let the compounding do its work for the next 4 years before utilizing it for college. On the other hand, selling from taxable means I would end up paying LT capital gains taxes. By the way, I may have some TLH opportunity if I sell from the taxable account with short term losses but not for the entire $10000.

So which one would be ideal to withdraw from between these two choices?

Thanks in advance.

Statistics: Posted by worthit — Fri Aug 23, 2024 7:42 am — Replies 7 — Views 277



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