TomD8
Level 15

State tax filing

"...is this considered a gift to the beneficiary?" 

 

Yes.

 

"Can I give a gift outside of the 529 to the parent who is the owner of the 529."

 

Yes.

 

Be aware of the generation-skipping transfer tax.  This TurboTax help article explains:

https://turbotax.intuit.com/tax-tips/family/what-is-the-generation-skipping-tax/L5mfqiA5z

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.