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Indiana Free Printable  for 2024 Indiana Recapture of Indiana's CollegeChoice 529 Education Savings Plan Credit (OBSOLETE)

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Form IN-529R is obsolete, and is no longer supported by the Indiana Department of Revenue.

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Recapture of Indiana's CollegeChoice 529 Education Savings Plan Credit (OBSOLETE)
Form IN-529R

2018 Schedule IN-529R: Recapture of Indiana’s CollegeChoice 529 Education Savings Plan Credit Schedule IN-529R Form IT-40/IT-40PNR State Form 53386 (R12 / 9-18) Enter your first and last name and spouse’s first and last name if filing a joint return. Enclosure Sequence No. 11 Your Social Security Number Enter information about non-qualified withdrawal(s) made during 2018 from your Indiana CollegeChoice 529 Education Savings Plan(s). Column A Account # Column B Amount of Nonqualified Withdrawal Column C Multiply Column B by .20 Column D Column E Enter total of credits previously allowed for the account minus total amount of credits previously recaptured for the account. Credit to be Recaptured: Enter smaller of Column C or Column D .00 .00 .00 1 .00 .00 .00 .00 2 .00 .00 .00 .00 3 .00 .00 .00 .00 4 .00 .00 .00 .00 5 .00 .00 .00 .00 6 .00 .00 .00 .00 7 .00 .00 .00 .00 8 .00 Add amounts from Column E, lines 1 through 8 (add additional sheets if necessary). Enter total here and on IT-40 Schedule 4, line 3, or IT-40PNR Schedule E, line 3. *24100000000* 24100000000 9 .00 Instructions for Schedule IN-529R A 529 college savings plan is a reference to Section 529 of the Internal Revenue Code. Contributions to this type of plan are made on behalf of a beneficiary, and are to be used to pay qualified higher education expenses. While there are many 529 college savings plans available both in Indiana and nation-wide, only contributions made to the CollegeChoice 529 education savings plan are eligible for an Indiana tax credit. For more details, get Information Bulletin #98 at www.in.gov/dor/3650.htm Who must file Schedule IN-529R? Column B Enter the net amount of non-qualified withdrawal(s) made during the year for each account listed in Column A. An owner of a CollegeChoice 529 education savings plan account who makes a non-qualified withdrawal during the year must repay all or a part of any Indiana tax credit allowed. The account owner must complete and enclose Schedule IN-529R with his or her Indiana income tax return (Forms IT-40 or IT-40PNR). Definitions Account owner. The account owner is the individual or entity (such as a trust, estate, partnership, etc.) who has the right to select or change a beneficiary, and to control the distribution of the funds. Contribution. A cash deposit made for the benefit of the account beneficiary. Qualified withdrawal. This is a withdrawal or distribution from a CollegeChoice 529 education savings plan account that is made: • to pay for qualified higher education expenses; • because of the death or disability of an account beneficiary; • because an account beneficiary received a scholarship that paid all or part of their qualified higher education expenses; • because of a transfer of funds by the plan from one third party custodian to another. Non-qualified withdrawal. This is a withdrawal or distribution from a CollegeChoice 529 education savings plan that is: • not a qualified withdrawal; • a withdrawal or distribution from an account that is closed within 12 months after the account is opened; • a rollover distribution or transfer from the CollegeChoice 529 education savings plan to any other Code Sec. 529 plan or ABLE account. Column A Enter the account number(s) from which you made a non-qualified withdrawal(s). Attach additional sheets if you made non-qualified withdrawals from more than eight accounts. Example. John opened an account for his son. He made two $300 non-qualified withdrawals from this account during the year. He will enter $600 in Column B. Column C Multiply the amount in Column B by .20 (20 percent) and enter the result here. Example. John multiplied the $600 from Column B by .20; he will enter the $120 result here. Column D Enter the total amount of credits previously allowed for each designated account minus the total amount of credits previously recaptured for the account. Example. John claimed a $1,000 credit for the account listed in Column A; he will enter $1,000 in Column D. Example. John’s mother made a $400 contribution to the account listed in Column A, and claimed an $80 credit based on that contribution. John will enter $1,080 in Column D. Column E, Lines 1 - 8 Enter the smaller of the amount(s) listed in Columns C or D for each line. *24100000000* 24100000000
Extracted from PDF file 2019-indiana-form-in-529r.pdf, last modified October 2012

More about the Indiana Form IN-529R Individual Income Tax Tax Credit

Schedule IN-529R is no longer used, and has been replaced with Schedule IN-CR.

We last updated the Recapture of Indiana's CollegeChoice 529 Education Savings Plan Credit (OBSOLETE) in March 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Indiana Department of Revenue. You can print other Indiana tax forms here.


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Other Indiana Individual Income Tax Forms:

TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form ES-40 Estimated Tax Payment Voucher
Form SC-40 Unified Tax Credit for the Elderly
IT-40 Form IT-40 Income Tax Form
Schedule 2 Deductions
IT-40 Booklet IT-40 Income Tax Instruction Booklet

Download all IN tax forms View all 70 Indiana Income Tax Forms


Form Sources:

Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form IN-529R from the Department of Revenue in March 2021.

Show Sources >

Form IN-529R is an Indiana Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Indiana Form IN-529R

We have a total of nine past-year versions of Form IN-529R in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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