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Level 1
June 6, 2019
Solved

Where do I add the 5K gift to grandchild for education fund?

  • June 6, 2019
  • 1 reply
  • 17 views

I earned some extra money and decided to give the total (5K) to my grandson's parents to set up a 529. Where do i enter this deduction or contribution.

Best answer by null725
Sorry, a gift to an individual, no matter who it is or what it is for, is not deductible.

1 reply

null725Answer
Level 13
June 6, 2019
Sorry, a gift to an individual, no matter who it is or what it is for, is not deductible.