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Can I transfer my Coverdell Education Savings Account (ESA) into the Oregon College Savings Plan?

April 26, 2017College Savings coverdell education savings account ESA Oregon Plan savings account transfer

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Can I transfer my Coverdell Education Savings Account (ESA) into the Oregon College Savings Plan?

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Yes, amounts contributed to a 529 plan from a Coverdell ESA will be considered a qualified distribution from the Coverdell ESA and will not be subject to federal income tax or penalty.