Can I roll over funds from another 529 plan into OCSP?
You are permitted to transfer funds from another 529 college savings plan to an account in the Oklahoma College Savings Plan for the same beneficiary once within a 12-month period without incurring federal income tax. The 529 college savings plan from which you are transferring funds may be subject to differences in features, costs and surrender charges. You should consult with your tax advisor or the other 529 college savings plan. State and local taxes may apply. Amounts transferred from another 529 college savings plan are eligible for the Oklahoma income tax deduction.
You are permitted to transfer funds from another 529 college savings plan to an account in OCSP for the same beneficiary once within a 12-month period without incurring federal income tax. The 529 college savings plan from which you are transferring funds may be subject to differences in features, costs and surrender charges. You should consult with your tax advisor or the other 529 college savings plan. State and local taxes may apply.
