Susan E. Thomas CPA
Newsletter
I opened a 529 plan and my child is the beneficiary. If my mother makes a contribution to the plan, is that considered a gift to me or to my child?

Answer:

It's considered a gift to your child. A contribution to a 529 plan is treated as a completed gift from the donor to the designated beneficiary of the account.



Prepared by Broadridge Investor Communication Solutions, Inc, Copyright 2011