You may need to add back, or recapture, contributions made to a 529 plan if:
- If a rollover on a contribution is taken within one year of the contribution date and a deduction was taken on the previous year’s return, the amount of the rollover is included in income.
- If a non-qualified withdrawal of contributions is taken and the deduction was claimed in tax year 2005 or later, the withdrawal and earnings are included in income. If any of the earnings were already included in your Federal adjusted gross income, do not enter the amount on this line.
Where do I make this entry?
To add back the 529 contributions to your return, visit:
- State Section
- Additions to Income
- Recapture of Contributions to Oklahoma College Savings Plan