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Can I rollover my savings bonds, Coverdell Education Savings Account or transfer my UTMA/UGMA to the Florida College Investment Plan?

April 26, 2017college Coverdell Education Florida rollover savings account savings bonds transfer UGMA UTMA

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Can I rollover my savings bonds, Coverdell Education Savings Account or transfer my UTMA/UGMA to the Florida College Investment Plan?

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Yes. The Florida College Investment Plan will accept a rollover of a qualified U.S. Savings Bond, a Coverdell Education Savings Account (Education IRA) or a transfer from an UTMA/UGMA account. There is no charge to rollover a savings bond, Coverdell Education Savings Account (Education IRA) or UTMA/UGMA to the Florida College Investment Plan. With your rollover request, you must attach a statement showing the earnings portion of the distribution. If you do not attach the proper documentation, the entire amount of the rollover contribution will be treated as earnings and may be taxable. We cannot provide tax advice and encourage you to consult your own tax advisor.