As a child i paid off parent plus loan to relive my parents from debt in 2018. Does parent load consider as QTP(qualified tuition program) on gift tax form 709?
03815
3 Replies
Bsch4477
Level 15
Jun 3, 2019 12:43:27 PM
A loan is separate from a gift and wouldn’t be included on the gift tax form.
architpatel2003
New Member
Jun 3, 2019 12:43:28 PM
It is not loan. They took parent plus loan for my education. And I paid off last year to US department of education.