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FOR PROFESSIONALS
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
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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Free for Ameriprise Financial, Commonwealth Financial, Morgan Stanley, Raymond James and RW Baird.
Ameriprise Financial instructions
Consult with your office/branch manager for instructions.
Commonwealth Financial instructions
Commonwealth Financial Advisors, you will find your Savingsforcollege.com 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 Savingforcollege.com portal.
Morgan Stanley instructions
Visit Tools and Forms in the Education Savings Products page in 3DResources to access your Savingforcollege.com portal.
Raymond James instructions
Visit the 529 Plan Resource Center on RJ Net to access your Savingforcollege.com portal.
RW Baird instructions
Visit the 529 Department page on BairdWeb to access your Savingforcollege.com portal.
Financial Professionals
Pro Dashboard
Top 529 College Savings Plans
One-year rankings are based on a plan's average investment returns over the last 12 months.
| State | Plan Name | |
|---|---|---|
| 1 | New Jersey | NJBEST 529 College Savings Plan |
| 2 | Utah | my529 |
| 3 | Kansas | Schwab 529 College Savings Plan |
Three-year rankings are based on a plan's average annual investment returns over the last three years.
| State | Plan Name | |
|---|---|---|
| 1 | South Dakota | CollegeAccess 529 (Direct-sold) |
| 2 | Wisconsin | Edvest |
| 3 | West Virginia | SMART529 WV Direct College Savings Plan |
Five-year rankings are based on a plan's average annual investment returns over the last five years
| State | Plan Name | |
|---|---|---|
| 1 | West Virginia | SMART529 WV Direct College Savings Plan |
| 2 | Indiana | CollegeChoice 529 Direct Savings Plan |
| 3 | District of Columbia | DC College Savings Plan |
10-year rankings are based on a plan's average annual investment returns over the last ten years.
| State | Plan Name | |
|---|---|---|
| 1 | West Virginia | SMART529 WV Direct College Savings Plan |
| 2 | South Carolina | Future Scholar 529 College Savings Plan (Direct-sold) |
| 3 | Alaska | T. Rowe Price College Savings Plan |
