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New Member
posted Jun 3, 2019 12:43:26 PM

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?

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3 Replies
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. 

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.

New Member
Jun 3, 2019 12:43:29 PM

Do I need to file 709 form