I cashed all the money in RESP account and close it.
I put principal in my bank account, EAP is given to my kid.
By proc 2020-17, 3520-A is not needed. Please correct me if I'm wrong.
Need my kid file 3520?
Need my kid file 3520 for RESP EAP?
Moderator: Mark T Serbinski CA CPA
Re: Need my kid file 3520 for RESP EAP?
You do not have to file 3520 for that account.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best