Can assets from an UGMA/UTMA account be transferred to OCSP?
The tax information contained on the OCSP Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor. The Oklahoma College Savings Plan (OCSP) is administered by the Oklahoma State Treasurer. TIAA-CREF Tuition Financing, Inc. (TFI) serves as Program Manager. TFI’s affiliate, TIAA-CREF Individual & Institutional Services, LLC, is the distributor. Consider the investment objectives, risks, charges and expenses before investing in the Oklahoma College Savings Plan. Please call toll-free 1-877-654-7284 for a Disclosure Booklet containing this information. Read it carefully. Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxabl
… to request a direct rollover from another qualified tuition plan (QTP), or to make an indirect rollover of assets within 60 days from another QTP, Coverdell Education Savings Account or from the redemption of a qualified U.S. Savings Bond. See a sample completed form (PDF, 112KB). Withdrawal Request … http://www.ok4savings.
