529 Transfers

Home Fairmark Forum Kids and College 529 Transfers

  • This topic has 0 replies, 1 voice, and was last updated 8 months ago by ReachELS.
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    Some years back, I set up a 529 account naming myself as beneficiary in order to exclude the interest on savings bonds sold to fund the account.

    Ever since, I have been transferring $6k annually from my 529 to another 529 owned by my son which names my grandson as beneficiary.

    The $6k falls well under any thresholds for gifting taxes so I have not been reporting any of this. My question is, from a gifting perspective, who am I gifting with this transfer? My son or my grandson?

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