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Education
Now that with the current tax regime, claiming a dependent is not worth as much as before, why would people *want* to include the sec 529 distributions as parental support?
On the other hand, I would prefer that to be considered as self-support, i.e. support provided by the student (beneficiary) him/herself so that they can claim the full standard deduction. Now, that is really worth something. I as a parent can gift appreciated securities and they can sell them with zero cap gain tax.
What am I missing?
March 17, 2021
9:24 PM