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US Tax system Rick sets up a Sec. 529 plan by contributing $10,000 on the day his daughter is born. After 18 years, the fund

US Tax system

Rick sets up a Sec. 529 plan by contributing $10,000 on the day his daughter is born. After 18 years, the fund grows to $40,000 and Ricks daughter receives a $20,000 contribution. There has been no distributions.

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