Gift tax center

Information and filled-out examples relating to the gift and generation-skipping tax reporting requirements associated with contributions made to 529 plans.(Premium service members only.)

Estate Planning with 529 Plans” – Chapter 8 from The Best Way to Save for College – A Complete Guide to 529 Plans (2013-14 Edition)

Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return

Instructions for Form 709

Example Filled-in Forms 709 for a couple, John and Mary, who have two children.

Example 1: John makes 529 contributions for one of the children in excess of his $15,000 annual exclusion, but by splitting gifts with Mary, the gifts are now below the annual exclusion amounts. The five-year spreading election is not needed.

Example 2: Mary does not consent to split gifts with John, and so John makes the five-year spreading election to bring his 529 contribution below the $15,000 annual exclusion amount.

Description of situation where couple may be better off not consenting to split gifts because five-year spreading election becomes unavailable if gifts were split. Click HERE.

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Ameriprise Financial instructions

Consult with your office/branch manager for instructions.

Commonwealth Financial instructions

Commonwealth Financial Advisors, you will find your portal on CommunityLink in the Financial Planning Playbook under Education Planning Tools.

LPL Financial instructions

Visit the Education Planning page in the LPL BranchNet Resource Center to access your portal.

Morgan Stanley instructions

Visit Tools and Forms in the Education Savings Products page in 3DResources to access your portal.

Raymond James instructions

Visit the 529 Plan Resource Center on RJ Net to access your portal.

RW Baird instructions

Visit the 529 Department page on BairdWeb to access your portal.


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