George4Tacks
Level 15

If it it YOUR 529, then you can take the distribution. The earnings are taxable and subject to a 10% penalty. You can then do anything you want with it, including gifting to me, as well as your son. You can NOT convert it to an IRA. You can use the money to add to an IRA, assuming you meet all the qualifications for an IRA. 

Add https://www.irs.gov/pub/irs-pdf/p970.pdf to your reading list. 


Here's wishing you many Happy Returns

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