Fidelity 529 College Savings Plan Distribution Request Form 2023-2025 free printable template

PrintReset529 College Savings PlanDistribution Request Use this form to: Request qualified or nonqualified distributions. Make a rollover distribution to another 529 Plan by selling units in your

How to fill out Fidelity 529 College Savings Plan Distribution

How to fill out Fidelity 529 College Savings Plan Distribution Request

1. Start by logging into your Fidelity account.
2. Navigate to the 529 College Savings Plan section.
3. Look for the option to request a distribution.
4. Fill out the requested information, including the account number and amount to be withdrawn.
5. Specify the purpose of the distribution (e.g., tuition, fees, etc.).
6. Provide the recipient's information if the funds are being sent directly to a school.
7. Review the entire form for accuracy.
8. Submit the distribution request form as per the provided instructions.

Who needs Fidelity 529 College Savings Plan Distribution Request?

1. Parents or guardians of a beneficiary who intend to pay for qualified education expenses using their 529 plan funds.
2. Account owners who need to access the accumulated savings for educational purposes.
3. Students who require financial assistance for their college expenses.

People Also Ask about

How do I withdraw money from my MN 529?

How to Do It Online Login to your account online. Select type of “withdrawal”: Select where the funds will be sent: For funds sent to the Owner or Beneficiary, select “Partial” or “Total” account balance withdrawal. If you have more than one investment option select “Prorated amount” or “By specific portfolio”

What form do I need for 529 withdrawal?

If you're paying for school expenses from a 529 plan or a Coverdell ESA, you will likely receive an IRS Form 1099-Q, which reports the total withdrawals you made during the year.

How do I withdraw money from my 529 tax free?

The 529 plan explicitly states that earnings can be withdrawn from the account tax-free “when used for qualified education expenses of the designated beneficiary, such as tuition, fees, books, as well as room and board at an eligible education institution,” ing to the IRS.

What form do I get from IRS for 529 withdrawal?

What is IRS Form 1099-Q? IRS Form 1099-Q is a statement issued by a 529 plan or Coverdell ESA administrator that lists the amount of distributions in a given tax year. The Form 1099-Q will be issued to the beneficiary if the 529 distribution was paid to: The 529 plan beneficiary.

How do I withdraw money from my 529 plan?

You can call your plan administrator, make a request online, or submit a withdrawal request form. The plan can send withdrawals by check to the account owner, the beneficiary, or the school. You can transfer the money to yourself or the beneficiary electronically and then make payment to the school.

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What is Fidelity 529 College Savings Plan Distribution Request?

The Fidelity 529 College Savings Plan Distribution Request is a formal application used by account holders to request withdrawals from their 529 college savings accounts for qualified education expenses.

Who is required to file Fidelity 529 College Savings Plan Distribution Request?

The account owner or legal guardian of the beneficiary of the 529 plan is required to file the Fidelity 529 College Savings Plan Distribution Request to access funds.

How to fill out Fidelity 529 College Savings Plan Distribution Request?

To fill out the request, you need to provide your account information, specify the amount to be withdrawn, detail the purpose of the distribution, and sign the form to verify the request.

What is the purpose of Fidelity 529 College Savings Plan Distribution Request?

The purpose of the request is to allow account holders to access funds from their 529 college savings accounts for paying tuition fees, room and board, and other qualified educational expenses.

What information must be reported on Fidelity 529 College Savings Plan Distribution Request?

The request must report the account owner's information, beneficiary's information, amount requested, intended use of funds, and a signature to confirm the request.