Check with the administrator of the other 529 account to see what form you need to withdraw your funds for a rollover. After you submit that form, you will receive a principal and earnings statement and distribution check. Send both to Ohio Tuition Trust Authority with a New Account Application or, if you already have an account with us, a contribution slip with “Rollover Contribution” checked on the front. If you need to endorse the distribution check, sign it on the back and write “Payable to Ohio Tuition Trust Authority.” When we receive your funds, we’ll deposit them as a rollover contribution. Be sure to finish the transaction within 60 days of distribution from your other account, or your earnings will be taxed and you’ll also be subject to a 10% penalty.
Some 529 plans ask you to send our rollover form or have us request the rollover. We do not have a rollover form, as we do not solicit or accept direct rollovers.