The Federal Government writes laws that dictates how you pay taxes. When congress created the 529 college savings plan all they did was create the tax code around it.
They stated that multiple exchanges would be taxed. One exchange would not.
I've decided to dedicate this blog to planning for retirement. I want to help you figure out your savings plans, making sure the future is well prepared for. Thanks! -- Zach
The Federal Government writes laws that dictates how you pay taxes. When congress created the 529 college savings plan all they did was create the tax code around it.
They stated that multiple exchanges would be taxed. One exchange would not.